The Bitfinex cryptocurrency exchange has added support for two derivatives products based on Bitcoin and Ethereum.
Derivatives tab appeared in the exchange interface. In this section there are BTCF0 and ETHF0 instruments available for trading with stabletcoin USDt0. The maximum leverage is limited to 100x.
The new product is a perpetual contract, which in many ways resembles the products of the popular BitMEX exchange. Note that trading in BTCF0 and ETHF0 is not available to users from the USA, Canada and Switzerland.
Bitfinex exchange also announced the opening of a new division - iFinex Financial Technologies Limited with the aim of expanding trading opportunities for exchange customers, improving and expanding the product line.
We are excited about the possibilities for creating new, previously unavailable products through our new platform. The new platform expands our ever growing portfolio and cements Bitfinex as a market leader in innovation.
The upcoming launch of derivatives became known back in June. Then Ardoino noted that at first, new instruments will use isolated margin, which will allow better control of leverage and the liquidation price. It also became known that instruments with high leverage will be used separately from the main margin market, limited to 3.3x.