BitMex Offers 30-Day Historical Bitcoin Volatility Futures Contract

BitMex, one of the world’s most advanced Bitcoin derivatives exchanges, recently announced the addition of a futures contract for Bitcoin. Now that the cryptocurrency’s value has fallen to below $300 for the first time in nearly two years, the expansion of trading alternatives could give Bitcoin the boost that it needs.
The rise in Bitcoin prices in 2013 came mostly due to increased trading. While businesses accepted Bitcoin prior to 2013, their size was usually small. After the price began to rise, many powerful companies opened their doors to the currency. Interestingly, the price began to drop afterward.
Another boost from market activity could mean we experience another rally. Perhaps the BitMex expansion will provide such a surge, especially if other exchanges follow their lead.
The new product will allow traders to speculate on the 30-day volatility of Bitcoin against the US dollar as observed on Bitfinex. This will be the world’s first Bitcoin 30-day Historical Volatility Futures Contract (BVOL).

This post was published at Coin Telegraph on 2015-01-11.

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