The Volmex Implied Volatility index, or the VIV will measure the constant 30-day forward projection of the volatility in the Bitcoin and Ether options market while using the real-time crypto call and put options.
On Tuesday, September 20, crypto volatility protocol Volmex Labs backed by investments from Alameda Research and CMS Holdings launched two volatility indexes for Bitcoin (BTC) and Ethereum (ETH) respectively.
The new indexes product from Volmex Labs will generate a 30-day forward projection of volatility and emulate the Cboe Volatility index. The Volmex Implied Volatility index, or the VIV will measure the constant 30-day forward projection of the volatility in the Bitcoin and Ether options market while using the real-time crypto call and put options.
The firm will be using multiple data sources including that of OKX and Deribit in its projections. These two exchanges combined account for 90% of the current Bitcoin open interest in options. They also represent nearly 100% of the Ether options open interest.
LedgerPrime Chief Investment Officer Shiliang Tang said his firm is excited by the product and the “gap it will fill in the market by being a pure play volatility tracker”. LedgerPrime is an investor in Volmex Labs, along with investments in Robert Leshner’s Robot Ventures, CMS Holdings, and Orthogonal Trading.
Nasdaq Introduces Custody Services for BTC and ETH
In another news on Tuesday, the second-largest US stock market exchange Nasdaq announced the launch of custodial services for two topmost cryptocurrencies Bitcoin and Ethereum. This comes amid the rising institutional demand in the market.
The exchange floated a new business entity Nasdaq Digital Assets to power the digital assets ecosystem. Thus, Nasdaq will provide trusted and institutional-grade solutions while focusing on liquidity, custody, and integrity. Adena Friedman, President and Chief Executive Officer, Nasdaq said:
“Nasdaq Digital Assets builds upon the successful solutions we have introduced in recent years to serve the digital assets ecosystem, including marketplace technology for digital asset exchanges, crypto-native anti-financial crime offerings, and crypto-related index solutions for tradable products. The technology that underpins the digital asset ecosystem has the potential to transform markets over the long-term. To deliver on that opportunity, our focus will be to provide institutional-grade solutions that bring greater liquidity, integrity, and transparency to support the evolution.”
The custody solution from Nasdaq Digital Assets will incorporate liquidation and execution services. It will address industry challenges around availability, connectivity, and efficiency. The custodial solutions will unleash the best attributes of hot and cold crypto wallets through innovative technology offerings.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
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