Bitfinex Introduces New Trading Tools
Date: 2024-04-04 Author: Oliver Abernathy Categories: BLOCKCHAIN
The Bitfinex exchange, part of the iFinex subsidiaries, is expanding its product range by introducing Bitcoin and Ethereum perpetual volatility futures. The move responds to growing interest in cryptocurrencies driven by record high prices. The expansion of Bitfinex's product portfolio is aimed at meeting traders' demand for tools that enable them to effectively manage risk and take advantage of opportunities in volatile markets.
What are perpetual futures?
New opportunities for traders
Perpetual futures introduced on the Bitfinex platform open up new prospects for traders in the crypto space. They are derivative contracts with no expiration date that allow traders to speculate on the future price of an asset. The new contracts are based on the Bitcoin Implied Volatility Index (BVIV) and Ethereum Implied Volatility Index (EVIV), which allows you to track the expected volatility of options contracts.
Market reaction to innovations
Head of Derivatives at Bitfinex, Jag Kooner, notes that perpetual futures are one of the most popular trading formats in the cryptocurrency space. This development comes amid increased volatility in cryptocurrency prices, making indices more relevant than ever.
New asset class on the exchange
The introduction of implied volatility as a new asset class on the Bitfinex exchange provides traders with additional opportunities to diversify their investment strategies. These tools provide traders with more flexibility and control over their portfolio as interest in cryptocurrencies grows.
