Crypto
Hyperliquid Launches Bitcoin Volatility Perpetuals
Hyperliquid has launched Bitcoin Volmex perpetuals, allowing traders to bet on bitcoin's expected volatility. The BVIV index is analogous to Cboe's VIX for the S&P 500 and measures forward-looking 30-day expected volatility of BTC.
The listing was led by Markets by Kinetiq in partnership with Volmex and Perps.inc, marking the first co-deployment of the three companies. The perpetuals are available with up to 5x leverage and USDC collateral.
Volmex founder Cole Kennelly called the launch a 'massive unlock' for crypto traders and investors. However, Kinetiq's Justin Greenberg framed it as a test to prove out the model for how Markets by Kinetiq scales.