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      Volmex Finance Introduces Bitcoin Implied Volatility Perpetual Futures on Hyperliquid

      Volmex Finance has launched perpetual futures contracts based on its Bitcoin Volmex Implied Volatility Index (BVIV) on Hyperliquid, marking the creation of the first onchain market dedicated to trading Bitcoin's expected volatility as a standalone asset. This innovative product allows traders to speculate on the anticipated fluctuations in Bitcoin's price, similar to how the VIX index operates for the S&P 500.

      The BVIV index measures Bitcoin's 30-day expected implied volatility by aggregating real-time options data from major crypto options exchanges, Deribit and OKX. Recent readings of the index have indicated a market anxiety level reflected in the mid-to-high 30s. The perpetual futures contracts are designed with a linear payout model, where a movement of 1.00 point in the index results in a gain or loss of $1 USDC for traders, facilitating straightforward trading without the complexities of options Greeks.

      The initial open-interest cap for these contracts is set at $2 million, providing a safeguard as the market develops. Trading is conducted through the Markets by Kinetiq interface under the ticker mkts:BVIV. Volmex CEO Cole Kennelly emphasized that this launch presents a significant opportunity for crypto traders to engage in hedging and speculation strategies without the usual barriers associated with options trading.

      Hyperliquid, recognized as a leading decentralized perpetual futures exchange with a daily trading volume exceeding billions and a valuation surpassing $90 billion, serves as the listing venue for this new product. While the isolated margin structure aims to mitigate risks associated with volatility indices, traders are advised to remain aware of potential gap behavior in the index, which can lead to significant fluctuations in leveraged positions.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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