Solana's SOL Gets First Implied Volatility Index on Volmex

The new index will help traders guage expected SOL price turbulence over two weeks. Volmex announces 14-day implied volatility index tied to SOL. More indices to be debuted in months ahead, Volmex said. Crypto derivatives protocol Volmex Finance unveiled a new implied volatility index for programmable blockchain Solana's SOL token on Tuesday. The index is a way to measure expected price swings in the world's fifth-largest cryptocurrency by market value. The SVIV index measures forward-looking 14-day expected volatility in SOL, Volmex said in an email to CoinDesk, adding traders can track the same to see the degree of potential SOL price swings (in either direction) over the following two weeks. Volmex said it would eventually debut longer-duration SOL implied volatility indices, including the widely-tracked 30-day gauge and derivatives linked to the same, allowing market participants to place bets on volatility. The so-called "vol trading" involves profiting from the degree of price fluctuations rather than the price direction. Traders use tools like options tied to the underlying asset and futures tied to volatility indices to bet on or hedge against volatility. Perpetual futures tied to Volmex's bitcoin implied volatility index (BVIV) and the ether index (EVIV) have been trading on Bitfinex since early April. Both indices gauge the 30-day expected volatility and have been adopted by institutions. Early this year, principal trading firm Arbelos Ltd and B2C2, an institutional liquidity provider for digital assets, completed the first bilateral option transaction on the BVIV index. https://www.coindesk.com/markets/2024/09/04/solanas-sol-gets-first-implied-volatility-index-on-volmex/ #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptoworlddaily #solana #solananews #solananewstoday #sol #solnews #solnewstoday #volatility #volatilitynews #volatilitynewstoday #market #marketnews #marketnewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple