Bitfinex Launches New Futures Allowing Bets on Bitcoin, Ether Price Volatility

Bitfinex launches perpetual futures contracts tied to Volmex Finance's bitcoin and ether implied volatility indices, allowing bets on future price volatility.

The new futures are based on Volmex's Bitcoin Implied Volatility Index (BVIV) and Ether Implied Volatility Index (EVIV), which indicate expected 30-day price turbulence.

The futures are denominated and settled in Tether (USDT) and allow traders to bet on the pace of anticipated price moves in bitcoin and ether.

The volatility futures help traders capitalize on major binary crypto events that can inject volatility into the market.

Bitfinex's new offering comes a year after Deribit listed similar bitcoin volatility index futures contracts.