Hyperliquid Launches Bitcoin Volatility Futures

Hyperliquid, the world's largest decentralized exchange for perpetual futures, has introduced a new market tied to the Bitcoin Volmex Implied Volatility Index (BVIV). This index, often referred to as the 'bitcoin VIX', tracks cryptocurrency's expected 30-day implied or expected volatility in real-time.

The BVIV Index perpetual futures allow traders to bet directly on the magnitude of bitcoin's price swings rather than its direction. This is a significant development for the crypto market, which has become increasingly institutionalized in recent times.

According to Cole Kennelly, founder and CEO of Volmex Labs, 'The launch of BVIV Index perpetual futures on Hyperliquid is a massive unlock for crypto traders and investors.' The new market is collateralized and denominated in USDC, with up to 5x leverage available at launch.