Share this article
Bitfinex Derivatives Users Can Now Place Bets on Bitcoin and Ether Implied Volatility
Bitfinex Derivatives announced the launch of perpetual futures tied to Volmex's proprietary bitcoin and ether implied volatility indices.
Updated Apr 3, 2024, 9:00 a.m. Published Apr 3, 2024, 9:00 a.m.
- Bitfinex Derivatives unveils perpetual futures tied to Volmex Finance’s bitcoin and ether implied volatility indices.
- Users can now place bets on the degree of price turbulence in the top two cryptocurrencies.
Cryptocurrency exchange Bitfinex announced the launch of perpetual futures tied to bitcoin and ether volatility indices, allowing traders to place bets on expected price turbulence in the leading cryptocurrencies.
The new futures are based on the decentralized derivatives platform Volmex’s bitcoin implied volatility index (BVIV) and ether implied volatility index (EVIV).
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Both indices are derived from real-time bitcoin and ether call and put options and indicate the expected price turbulence over 30 days. Per Volmex, the two indices are analogous to Wall Street’s fear gauge, the VIX index, which is derived from the options market tied to the S&P 500 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.
Perpetuals are futures contracts with no expiry and a funding rate mechanism that helps keep prices for perpetuals in sync with the underlying asset/index.
The availability of volatility futures means Bitfinex users can bet on how fast the anticipated bullish or bearish price move in bitcoin and ether will happen. Being long volatility means betting the asset’s price might move violently in either direction.
The volatility futures will help traders navigate binary events like crucial U.S. economic data releases, Fed rate decisions, and crypto-specific events that have the potential to inject volatility into the market and open doors to retail investors who lack the resources or expertise to set up complex options strategies like straddles and strangles to profit from changes in implied volatility.
Bitfinex’s new offering comes a year after dominant crypto options exchange Deribit listed standard futures contracts tied to its proprietary bitcoin volatility index, DVOL.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Filecoin Declines 7%, Breaking Below $1.43 Support
The token now has support at the $1.37 level and resistance at $1.43.
What to know:
- FIL slumped from $1.48 to $1.38, breaking key support with an 85% volume spike
- The technical breakdown confirms a trend reversal from the December highs near $1.55.
Top Stories
