April 03 Bitfinex Derivatives launches first perpetual futures contracts on implied volatility indices for Bitcoin and Ether
Providence, Mahe, Seychelles, [April 3]2024 – Bitfinex Derivatives*, a leading derivatives platform offered by iFinex Financial Technologies Limited, today announced the launch of two new perpetual futures contracts that will track expected price fluctuations in Bitcoin and Ether.
The new perpetual futures contracts will be based on the implied volatilities of Bitcoin and Ether options contracts. Implied volatility measures the ongoing and future expected volatility of the options market. The new Bitcoin Implied Volatility Index (BVIVF0:USTF0) and Ethereum Implied Volatility Index (EVIVF0:USTF0) will track fundamental activity in Bitcoin and Ether options using the Volmex Implied Volatility Indicators, which track 30-day expected volatility. Both contracts will be available for trading with up to 20 times leverage. Volmex is a well-known developer of cryptocurrency volatility indicators and products.
By measuring market expectations of future price fluctuations, BVIV and EVIV contracts essentially track market “fear” of expected price movements in Bitcoin and Ether when the market is fearful and, more generally, the cost of related options contracts.
Volatility indicators tend to be negatively correlated and will generally increase when the market declines. They also tend to move significantly when “black swan” events occur.
To gain access to BVIVF0:USTF0 and EVIVF0:USTF0 on Bitfinex Derivatives, clients can visit https://www.bitfinex.com/ starting April 3, 2024
*The derivatives platform is provided by iFinex Financial Technologies Limited. References to Bitfinex derivatives in this press release are references to iFinex Financial Technologies Limited. All deposits, activities and users are at all times subject to all applicable Bitfinex Derivatives Terms of Service (“TOS”). Please note that US persons (as defined in the Terms of Service), among other prohibited persons (as defined in the Terms of Service), are strictly prohibited from directly or indirectly maintaining, owning or operating a derivatives account (as defined in the Terms of Service ) on Bitfinex derivatives. .
Important Notes
This press release is intended for journalists. It is not intended to be widely disseminated.
This press release is not an offer to sell or a solicitation of an offer to buy any financial products. iFinex Financial Technologies Limited will only permit access to its derivatives platform in accordance with the Derivatives Service Terms available (as of the date of this press release) at https://www.bitfinex.com/legal/derivative/terms
The brief description of the perpetual contract for the Bitcoin Implied Volatility Index (BVIVF0:USTF0) and the Ethereum Implied Volatility Index (EVIVF0:USTF0) is provided in this press release for convenience purposes only. The perpetual contracts for BVIVF0:USTF0 and EVIVF0:USTF0 are described more specifically in the updated derivative product descriptions located at https://www.bitfinex.com/legal/derivative/product. If there are any discrepancies between the description in this press release and the description of the derivative product, the description of the derivative product will control. Please read them carefully to ensure you understand the products available on the Financial Derivatives Platform. Any summary information regarding permanent contracts referred to above in this press release is provided for convenience only and should not be relied upon. Please be sure to do your own research regarding these permanent contracts.
About Bitfinex Derivatives
Launched in September 2019, iFinex Financial Technologies Limited offers a derivatives platform accessible through Bitfinex, a digital token trading platform offering state-of-the-art services to global cryptocurrency traders and liquidity providers. Visit www.bitfinex.com to learn more.
About Volmex
Volmex Global is a wholly-owned subsidiary of Volmex Labs Corporation, creator of the leading cryptocurrency volatility indices BVIV Index and EVIV Index. The BVIV and EVIV indices measure the constant and 30-day future expected volatilities of BTC and ETH, respectively, derived from real-time cryptocurrency call and sell options. Volmex Implied Volatility Index data is available on leading platforms, including TradingView, CoinMarketCap, The Block, and Laevitas. Visit https://volmex.finance to learn more and https://charts.volmex.finance to access Volmex implied volatility indicators.
