You can make money even with severe fluctuations! Bitfinex launches Bitcoin and Ethereum volatility perpetual contracts

This site (120bTC.coM): The veteran cryptocurrency exchange Bitfinex announced on Wednesday (3) that its cryptocurrency derivatives platform Bitfinex Derivatives has recently launched a cryptocurrency derivatives platform with Bitcoin and Ethereum fluctuations. Perpetual futures contracts linked to rate indexes allow traders to bet on the price fluctuations of BTC and ETH.

Bitfinex: Coping with the Fierce Volatility in Crypto Markets

Bitcoin and Ethereum volatility futures are based on Bitcoin’s implied volatility from decentralized derivatives platform Volmex, according to Bitfinex’s latest launch Index (BVIV), as well as the Ethereum Implied Volatility Index (EVIV), users can trade using the symbols BVIVF0:USTFO and EVIVF0:USDTFO since April 3.

Bitfinex head of production Jag Kooner said that we provide users with such a new transaction classification that allows users to track the volatility of Bitcoin and Ethereum within 30 days. With many cryptocurrencies reaching all-time highs, a dramatic increase in volatility could mean these indices are more useful than ever.

Bitcoin Volatility Index reaches 73.24

According to Binance data, based on U standard calculation, the volatility index of Bitcoin at the time of writing is 73.24, down 4.38% in the past 24 hours.

On the Ethereum side, the current price at the time of writing is 78.81, down 1.72% in the past 24 hours.

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