Deribit 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
Analysis based on this information:
Deribit, the cryptocurrency options exchange, is set to launch Bitcoin volatility futures. These futures are linked to Deribit’s forward-looking Bitcoin Volatility Index (DVOL) and are expected to be listed on the Deribit platform from the end of March. The stock code of the futures will be BTCDVOL.
This announcement is significant as it marks the first time that a cryptocurrency options exchange is offering Bitcoin volatility futures. Luuk Strijers, the chief commercial officer of Deribit, stated that the objective of these futures is to provide traders with an efficient and transparent way to manage Bitcoin volatility risk.
The DVOL is calculated using the implied volatility derived from the prices of Bitcoin options traded on Deribit. The index is designed to measure the expected volatility of Bitcoin over the next 30 days. Deribit will use this index to set the settlement price for its Bitcoin volatility futures.
Volatility is a key characteristic of Bitcoin, and it is often cited as one of the challenges to its adoption as a mainstream currency. Bitcoin’s price has historically been volatile, with large price swings occurring within short periods. This volatility makes it difficult for traders and investors to plan and manage their risk exposure.
Deribit’s Bitcoin volatility futures are expected to provide a new tool for those who want to manage their Bitcoin risk. Traders can use these futures to hedge against Bitcoin volatility, or to speculate on future price changes.
In conclusion, Deribit’s Bitcoin volatility futures are a significant addition to the cryptocurrency options market. By linking the futures to the DVOL index, Deribit is providing traders with a transparent and efficient way to manage Bitcoin volatility risk. The futures are expected to be available from the end of March and could become a valuable tool for those who want to trade Bitcoin with better risk management capabilities.
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