Perp futures linked to 'bitcoin VIX' debut on Hyperliquid

The BVIV perpetual is collateralized and denominated in USDC, with up to 5x leverage available at launch. Seda's oracle infrastructure connects the Volmex index to the Markets exchange onchain.

Listing BVIV futures adds volatility indices to Hyperliquid's already packed roster of perpetuals tied to crypto, equities, legacy indices, and commodities. The exchange carries a fully diluted valuation above $90 billion.

Hyperliquid is the world’s largest decentralized exchange for perpetual futures, registering billions of dollars in trading volume per day. It has become a go-to place for traders to express their views, especially on weekends when traditional markets are closed.

The listing was led by Markets by Kinetiq, the onchain perpetual futures platform built on Hyperliquid, in partnership with Volmex and Perps.inc. It's the first market the three parties have co-deployed together, and the first time Volmex's Bitcoin volatility index got an onchain perpetual futures market.

"With Bitcoin Volmex Implied Volatility Index, and the co-deployment structure that made it possible, we're not just adding another ticker, we're proving out the model for how Markets by Kinetiq scales," said Justin Greenberg, co-founder and CTO of Kinetiq Markets. "Partners like Perps.inc and Volmex [are] bringing the products, and Markets [is] bringing the venue."