Bitfinex Derivatives is introducing a new way for investors to engage with the cryptocurrency market by enabling trading on the implied volatility of Bitcoin (CRYPTO:BTC) and Ether (CRYPTO:ETH).

This development comes as a strategic move by cryptocurrency exchange Bitfinex to broaden its trading tools amid rising volatility within the crypto markets.

The exchange's derivatives platform, operated by iFinex Financial, has unveiled two perpetual futures contracts anchored on the Volmex Implied Volatility indices—the Bitcoin Implied Volatility Index (BVIV) and the Ethereum Implied Volatility Index (EVIV).

These indices offer insights into the 30-day expected volatility of BTC and ETH options contracts, marking a significant addition to the asset classes available for trading on the platform.