Perpetual Futures Tied to Bitcoin Volatility Index Launch on Hyperliquid

Bitcoin volatility futures now trade on Hyperliquid

Perpetual futures tied to the Bitcoin Volmex Implied Volatility Index (BVIV) launched on Hyperliquid on Monday. The new market lets traders bet on how much bitcoin's price will move, rather than which direction it will go.

The BVIV Index, often called a "bitcoin VIX," measures the expected 30-day implied volatility of bitcoin in real time. It works similarly to the Cboe VIX index, which tracks expected 30-day volatility for the S&P 500.

Key details of the launch

• The perpetual contract is collateralized and denominated in USDC, with up to 5x leverage available at launch.
• Seda's oracle infrastructure connects the Volmex index to the Markets exchange onchain.
• The listing was led by Markets by Kinetiq, in partnership with Volmex and Perps.inc.
• This is the first time Volmex's Bitcoin volatility index has an onchain perpetual futures market.

What the BVIV index is and why it matters

Instead of using options to express a view on bitcoin's volatility, traders can now go long or short the BVIV index directly through a perpetual futures contract. Options approaches require more capital and derivatives knowledge.

The launch comes as the digital-asset market draws in more institutional participants, including hedge funds and volatility traders.

What industry leaders said

Cole Kennelly, founder and CEO of Volmex Labs, said: "The launch of BVIV Index perpetual futures on Hyperliquid is a massive unlock for crypto traders and investors. The market leading Bitcoin volatility index is now available to trade on the market leading onchain perpetual futures exchange, making it easy to hedge, speculate, and utilize pure Bitcoin volatility exposure."

Justin Greenberg, co-founder and CTO of Kinetiq Markets, said: "With Bitcoin Volmex Implied Volatility Index, and the co-deployment structure that made it possible, we're not just adding another ticker, we're proving out the model for how Markets by Kinetiq scales."

About Hyperliquid

Hyperliquid is described as the world's largest decentralized exchange for perpetual futures, processing billions of dollars in daily trading volume. It has a fully diluted valuation above $90 billion. The platform has become a popular venue for traders, especially on weekends when traditional markets are closed.

What is still unclear

The article does not specify the current BVIV index level, initial trading volume, or how widely the product has been adopted since launch.

Sources

• CoinDesk - Perp futures linked to 'bitcoin VIX' debut on Hyperliquid

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