Volmex’s Bitcoin and Ether Volatility Futures Exceed $10 Million in Volume

Futures linked to Volmex's bitcoin (BTC) and ether (ETH) implied volatility indices, BVIV and EVIV, surpassed $10 million in trading volume on gTrade.

Growing interest in derivatives for risk management beyond price speculation.
BVIV measures bitcoin's options-based implied volatility over four weeks; EVIV does the same for ether.
Both indices have sharply declined during the recent bull run.
Volatility futures allow traders to speculate on market fluctuations without predicting price direction.
Volmex Labs CEO Cole Kennelly noted the success of BVIV and EVIV perpetuals, highlighting their user-friendly approach.