Volmex Finance launches Bitcoin Implied Volatility perpetual futures on Hyperliquid
Summary
Volmex Finance has launched new perpetual futures on its Bitcoin Implied Volatility Index (BVIV) on the Hyperliquid exchange, providing traders with a tool to hedge or speculate on bitcoin's expected 30-day volatility. The BVIV index derives its pricing from real-time options on Deribit and OKX and operates similarly to the VIX for the S&P 500. The contract allows for direct long or short positions, is collateralized in USDC, employs isolated-margin trading mechanics, and features hourly funding payments. Launching with a capped open interest of $2 million, this new offering enhances trading strategies by enabling exposure to volatility without a directional commitment to bitcoin's price movements.
Tokens
$BVIV
Analysis
Kinetiq: Kinetiq develops onchain infrastructure including the Markets perps platform. Its Markets unit collaborated on bringing the Volmex volatility futures to Hyperliquid. This effort supported the partnership with Volmex and Perps.inc for the launch. Markets: Markets is the onchain perps platform developed by Kinetiq. It facilitated the listing of the Volmex BVIV perpetual futures on Hyperliquid in partnership with Volmex and Perps.inc. The platform handled the contract posting and documentation for the new product. Perps.inc: Perps.inc participated in the partnership to list Volmex Bitcoin Implied Volatility perpetual futures on Hyperliquid. It worked alongside Markets and Volmex to enable the product’s availability. The collaboration focused on delivering the volatility trading contract. Hyperliquid: Hyperliquid is an onchain perpetual futures exchange. It hosted the new Volmex Bitcoin Implied Volatility perpetual futures contract brought by Markets. The listing expands trading options for volatility exposure on the platform. Cole Kennelly: Cole Kennelly is the founder and CEO of Volmex Finance. He highlighted the integration of the leading bitcoin volatility index with the leading onchain perps exchange. His comments framed the product as a tool for hedging or taking pure volatility positions. Volmex Finance: Volmex Finance is a crypto derivatives platform focused on volatility products. It developed the Bitcoin Implied Volatility Index (BVIV) and launched perpetual futures based on it. The platform partnered to list the product on Hyperliquid, enabling direct trading of bitcoin volatility expectations. Market Context: The product allows traders to hedge or speculate on volatility separately from directional bitcoin price movements, similar to how the VIX functions for equities. Trading Mechanics: The perpetual futures contract is linear, isolated-margin only, collateralized in USDC, and features hourly funding payments. Volatility Product: The contract provides direct long or short exposure to bitcoin’s expected 30-day volatility using an index derived from real-time options prices.
Categories
cryptoperpshyperliquidbitcoindefidatsethereum