CoinDesk
Perpetual futures on the Bitcoin Volmex Implied Volatility Index, or BVIV, debuted on Hyperliquid on Monday. The USDC-collateralized market gives traders a way to take long or short positions on the magnitude of Bitcoin’s price swings, rather than betting on whether BTC rises or falls. Up to 5x leverage is available at launch.
Why it matters
BVIV tracks Bitcoin’s expected 30-day implied volatility in real time and is designed as a crypto analogue to Cboe’s VIX, which measures expected volatility for the S&P 500. Until now, traders seeking direct volatility exposure generally had to use options or construct more complex derivatives positions, an approach that can require more capital and specialist knowledge.
The listing marks the first onchain perpetual futures market for Volmex’s Bitcoin volatility index. Markets by Kinetiq led the deployment with Volmex and Perps.inc, while Seda’s oracle infrastructure connects the index to the onchain venue. Volmex CEO Cole Kennelly said the product is intended to make it easier to hedge, speculate and gain pure Bitcoin volatility exposure.
Market impact
The BVIV market adds volatility indices to Hyperliquid’s growing range of perpetuals tied to crypto, equities, legacy indices and commodities. That broadens the exchange’s product set beyond directional crypto contracts and gives hedge funds, volatility traders and options-income sellers another instrument for expressing market views.
Hyperliquid processes billions of dollars in daily trading volume and has a fully diluted valuation above $90 billion, according to the supplied details. The launch also tests a co-deployment model in which Volmex brings the index, Perps.inc supports the product and Markets by Kinetiq provides the venue. Traders will be watching liquidity, funding conditions and how BVIV performs as Bitcoin volatility changes.
Frequently asked questions
-
What does the new BVIV perpetual market track?
BVIV tracks Bitcoin’s expected 30-day implied volatility in real time. It measures the anticipated magnitude of BTC price moves rather than their direction.
-
How can traders use BVIV perps?
Traders can take long or short positions on Bitcoin volatility to hedge, speculate or gain direct volatility exposure. The market supports up to 5x leverage at launch.
-
How are the BVIV perpetuals collateralized?
The BVIV perpetual market is collateralized and denominated in USDC. Seda’s oracle infrastructure connects the Volmex index to the onchain venue.
-
Why is BVIV compared with the VIX?
BVIV is designed as a crypto analogue to Cboe’s VIX. Both indices track expected 30-day volatility, although VIX measures expected volatility for the S&P 500.
-
Who deployed the first onchain BVIV perpetual market?
Markets by Kinetiq led the listing with Volmex and Perps.inc on Hyperliquid. The launch is the first onchain perpetual futures market for Volmex’s Bitcoin volatility index.
TheBlock
Lookonchain
CryptoSlate
Crypto Rank News
WuBlockchain
WatcherGuru