Deribit Plans to Launch Bitcoin Volatility Futures
It is reported that Deribit, the cryptocurrency options exchange, will launch bitcoin volatility futures. Luuk Strijers, chief commercial officer of Deribit, s…
It is reported that Deribit, the cryptocurrency options exchange, will launch bitcoin volatility futures. Luuk Strijers, chief commercial officer of Deribit, said that the futures linked to Deribit’s forward-looking Bitcoin Volatility Index (DVOL) would be listed in Deribit from the end of March, with the stock code of BTCDVOL.
The cryptocurrency option exchange Deribit will provide bitcoin volatility futures
Interpretation of the news:
Deribit announced that it would launch futures linked to its forward-looking Bitcoin Volatility Index (DVOL) at the end of March. The cryptocurrency options exchange intends to list the futures under the code BTCDVOL. Luuk Strijers, the commercial officer of Deribit, confirmed these plans, emphasizing that the company is committed to meeting the growing demand for derivatives products in the cryptocurrency industry.
This announcement follows a trend of Bitcoin Futures products launched by exchanges last year. However, instead of futures linked to the cryptocurrencies themselves, these BTCDVOL futures will be linked to the Bitcoin volatility index. This index is calculated by Deribit and aims to measure anticipated market expectations of six-month Bitcoin volatility.
The inclusion of a volatility index futures contract is an innovative approach to the ever-changing cryptocurrency market. Considering the volatility of the cryptocurrency markets and Bitcoin in particular, the DVOL provides users with a tool that can assist in hedging against the sharp movements of Bitcoin prices. By securing their positions with a derivative contract that tracks volatility, traders can mitigate the risks associated with Bitcoin’s sudden price swings.
Deribit has demonstrated its commitment to expanding its suite of derivatives offerings with the addition of these bitcoin volatility futures. The exchange’s focus on derivatives is significant and fits with the industry’s trend. In the cryptocurrency market, derivative instruments have been becoming increasingly popular as traders search for innovative tools to manage and diversify their investment portfolios.
In conclusion, Deribit’s decision to launch Bitcoin volatility futures is a positive development within the cryptocurrency trading industry. The market has welcomed the Deribit announcement, as it expands the derivatives offerings for traders and investors, enabling them to have a wider set of tools to manage the risk of increasing Bitcoin volatility. Increased diversity in derivatives instruments can provide investors with more flexible and innovative trading options, ultimately leading to a more developed and sophisticated cryptocurrency market.
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