In response to a recent surge in volatility in the cryptocurrency market, Bitfinex is introducing new trading tools.

The exchange’s derivatives platform, Bitfinex Derivatives, provided by iFinex Financial, has launched two new perpetual futures contracts.

These new contracts are based on the Volmex Implied Volatility indexes, specifically the Bitcoin Implied Volatility Index (BVIV) and Ethereum Implied Volatility Index (EVIV).

These indexes track the expected 30-day implied volatility of BTC and ETH options contracts. Bitfinex’s head of derivatives, Jag Kooner, stated that the creation of these indices allows customers to not only monitor but also trade the implied volatility of Bitcoin and Ether in a simplified perpetual format.

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