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Volmex's Bitcoin and Ether Volatility Futures Top $10M Volume Since Debut as Traders Look Beyond Price
Trading volatility futures involves betting on the expected amount of price fluctuation, rather than the direction of the price.
Updated Jul 25, 2025, 4:50 a.m. Published Jul 25, 2025, 4:21 a.m.
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What to know:
- Futures linked to Volmex's bitcoin and ether volatility indices have surpassed $10 million in trading volume in four weeks.
- These indices, BVIV and EVIV, track implied volatility in bitcoin and ether, respectively, and have declined during the recent market uptrend.
- Traders use these volatility futures to manage risk and speculate on market turbulence without taking a directional stance on asset prices.
Futures tied to Volmex's bitcoin and ether implied volatility indices, BVIV and EVIV, have registered a cumulative trading volume of over $10 million since their debut on decentralized leveraged trading platform gTrade.
The quick rise to over $10 million shows that traders are increasingly engaging with sophisticated derivatives linked to volatility for risk management, looking beyond price speculation.
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The BVIV measures the options-based implied or expected volatility in bitcoin over a four-week period. The EVIV represents the same for ether. Both indices have declined sharply during the recent bull run, suggesting a potential evolution into VIX-like fear gauges.
Trading volatility futures involves betting on the expected amount of price fluctuation in the underlying asset over a specified future period, rather than predicting its direction.
Essentially, you're speculating on how "bumpy" or "calm" the market will be, allowing you to profit from or hedge against anticipated uncertainty without taking a directional view on the asset's price.
"Volmex's BVIV and EVIV perpetuals launched on gTrade (Gains) one month ago and have already surpassed $11m volume — a major milestone," Cole Kennelly, Cole Kennelly, founder and CEO of Volmex Labs told CoinDesk.
Kennelly added that futures tied to volatility improve the user experience, allowing traders to bet on price turbulence while bypassing the complexities involved in volatility-focused options strategies that require constant monitoring of various variables, including option Greeks, strike prices, or expiries.
Read more: Bitcoin Slides to $115K as Dow Jones Rally Stalls at December-January High
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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