The cryptocurrency derivatives exchange LedgerX has launched a Volatility Index index LedgerX (LXVX), which tracks expected volatility of bitcoin, according to CoinDesk.
The index is based on data of the options traded on LedgerX. Operating officer of the exchange Jutika Chou noted that LXVX — similar to the popular VIX index from the CBOE, which measures expected volatility in the equity markets.
Thus, according to her, LXVX aims to become a kind of “index of fear” for bitcoin that enables investors and traders to effectively manage risk.
Over the past few months, the index could use only institutional clients LedgerX. But now LXVX presented on the main page of the exchange website and is therefore available to everyone:
Kryptonim? No, not heard
The notorious “Kriptonika” is not particularly reflected in the activities of LedgerX. Since its establishment in October 2017 on the exchange were made about 50 thousand transactions worth over $500 million According to Chow, a bear market on the contrary stimulate trading activity on the platform.
“For example, in December and in late November there were many transactions for the sale of put options — she said. — Now, when the market bounces back, seeing more call options”.
ForkLog previously reported that LedgerX has developed options on the basis of Ethereum and discuss with regulators their start.
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