New BVIV perpetual contracts enable traders to take positions on Bitcoin's 30-day volatility through Kinetiq's Markets interface, led by Volmex CEO Cole Kennelly.
By Omkar Godbole|Edited by Shaurya Malwa2 hours ago2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on The Bitcoin VIX. (TradingView, CoinDesk)SummaryShow- Hyperliquid introduces perpetual futures linked to the Bitcoin Volmex Implied Volatility Index (BVIV).
- This new product allows traders to directly speculate on Bitcoin's price volatility rather than its direction.
- Markets by Kinetiq facilitated the listing alongside Volmex and Perps.fun, marking a significant milestone for onchain perpetual futures.
Hyperliquid has launched perpetual futures contracts based on the Bitcoin Volmex Implied Volatility Index (BVIV), allowing traders to speculate on how much Bitcoin’s price will fluctuate, rather than just its directional movement.
The BVIV Index, often referred to as the "bitcoin VIX," provides real-time tracking of the expected 30-day volatility for the cryptocurrency. This index is similar to the Cboe’s VIX, which measures the anticipated volatility of the S&P 500 index over the same time frame.
With this new perpetual market, traders can engage directly with the volatility index rather than relying on options, which can be more complex and require significant capital to navigate.
This launch comes amid a trend of increasing institutional participation in the digital asset space, attracting a diverse range of market participants, including hedge funds and volatility traders.
“The introduction of BVIV Index perpetual futures on Hyperliquid is a major advancement for crypto traders and investors," remarked Cole Kennelly, founder and CEO of Volmex Labs. "The leading Bitcoin volatility index is now accessible on the top onchain perpetual futures exchange, simplifying the process of hedging, speculating, and gaining exposure to Bitcoin's volatility.”
The BVIV perpetuals are collateralized with USDC and offer up to 5x leverage from the outset. Seda's oracle infrastructure links the Volmex index to the Markets exchange onchain.
By adding BVIV futures to its extensive lineup of perpetuals linked to various asset classes, Hyperliquid reinforces its position in the market. The platform boasts a fully diluted valuation exceeding $90 billion.
Hyperliquid stands as the largest decentralized exchange for perpetual futures, facilitating billions in daily trading volume and becoming a preferred venue for traders, particularly during weekends when traditional markets are inactive.
The listing was spearheaded by Markets by Kinetiq, the onchain platform built on Hyperliquid, in collaboration with Volmex and Perps.inc. This marks the first collaborative deployment by these parties and introduces Volmex's Bitcoin volatility index to the onchain perpetual futures market for the first time.
“With the Bitcoin Volmex Implied Volatility Index and the collaborative structure that enabled this launch, we are not merely adding another product; we are validating the scalability model for Markets by Kinetiq,” explained Justin Greenberg, co-founder and CTO of Kinetiq Markets. “Our partners Volmex and Perps.inc provide the products, while Markets offers the trading venue.”
Newsletters
Crypto Daybook Americas - The latest moves in crypto markets, in contextMarket analysis for crypto traders and investors.PreviewSign upBy signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy.Latest Crypto News- 1Bitmine bought $75 million ether as Tom Lee says institutions are still underweight crypto54 minutes ago
- 2Treasury Secretary Scott Bessent champions dollar dominance across global markets and stablecoins1 hour ago
- 3Google and Apple seek crypto talent as Big Tech eyes stablecoin and tokenization rails1 hour ago
- 4Strategy returns to bitcoin buys, adding $75 million of BTC last week1 hour ago
- 5Bitcoin's 44% gain in third quarter teases full-blown crypto bull run2 hours ago
- 6ECB deploys Pontes platform to settle wholesale tokenized assets in central-bank money2 hours ago
- 7Bitcoin hits $85,000 as short squeeze forces out $648 million of bearish bets3 hours ago
- 8X sues its own users for running a fake bitcoin news bot farm3 hours ago
- 9Crypto enjoys bullish bounce post-Fed rate hike: Crypto Week Ahead4 hours ago
- 10Hana Bank issues South Korea’s first digital bond using Euroclear’s blockchain5 hours ago
The Definitive Stablecoin Landscape Series: Asia Pacific
The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
By CoinDesk ResearchSep 15, 2026Commissioned byRippleAs stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
View Full ReportMore From Markets