Volmex Bitcoin and Ethereum Volatility Futures Surpass $10M Trading Volume on gTrade

Futures linked to Volmex Labs’ bitcoin (BTC) and ether (ETH) implied volatility indices, BVIV and EVIV, have crossed $10 million in cumulative trading volume just one month after launching on decentralized leveraged trading platform gTrade. The milestone reflects rising interest among crypto traders in volatility-based derivatives for hedging and risk management, beyond simple price speculation.

BVIV tracks options-implied volatility for bitcoin over four weeks, while EVIV measures the same for ether. Both indices have seen sharp declines during the recent crypto bull run, signaling their potential to evolve into VIX-style “fear gauges” for the digital asset market.

Unlike traditional futures contracts that predict price direction, volatility futures allow traders to speculate on the level of market turbulence. This enables hedging strategies against unpredictable price swings without exposure to directional risk.

Cole Kennelly, founder and CEO of Volmex Labs, highlighted the milestone, noting that volatility futures simplify complex strategies typically associated with options trading. “Our BVIV and EVIV perpetuals on gTrade have already surpassed $11 million in volume. This product makes it easier for traders to bet on market turbulence without managing strike prices, expirations, or option Greeks,” Kennelly said in a statement to CoinDesk.

The surge in trading volume underscores the growing demand for sophisticated derivatives in decentralized finance (DeFi). As crypto markets mature, tools like BVIV and EVIV could become key instruments for professional traders seeking advanced ways to manage risk and profit from market volatility.

This development also positions Volmex and gTrade as innovators in the DeFi derivatives sector, catering to traders looking for next-generation volatility instruments amid evolving market conditions.