Bitfinex Derivatives Users Can Now Place Bets on Bitcoin and Ether Implied Volatility

Users can now place bets on the degree of price turbulence in the top two cryptocurrencies.The new futures are based on the decentralized derivatives platform Volmex’s bitcoin implied volatility index and ether implied volatility index .

Starting April 3, Bitfinex users can trade bitcoin and ether volatility futures under the ticker symbols BVIVF0:USTFO and EVIVFO:USDTFO, according to the press release shared with CoinDesk. These contracts are denominated, margined, and settled in tether , the world’s largest dollar-pegged stablecoin.

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