Deribit, the leading exchange for Bitcoin and Ether options, intends to introduce futures contracts to support Bitcoin volatility trading.
BTC DVOL futures will be based on the Deribit Bitcoin Volatility Index, which gauges the implied volatility in the market for the most significant digital asset, as announced by the company in a statement earlier this week.
These futures will assist traders in portfolio hedging, risk management, generating alpha, and capitalizing on market volatility, according to Deribit’s CEO, John Jansen, who was quoted in the statement.
Bitcoin has experienced a strong resurgence this year, recovering over 50% after a steep decline. Its value dropped from nearly $69,000 in 2021 to a low of $15,485 in November of the previous year following the FTX exchange’s collapse.
