Exchange ща cryptocurrency derivatives LedgerX launched the LedgerX Volatility Index (LXVX), which tracks the expected bitcoin volatility, CoinDesk reports.
The index is based on options data traded on LedgerX. Chief Operating Officer Jutika Chou noted that LXVX is the equivalent of the popular VIX index from the CBOE, which measures the expected volatility in stock markets.
Thus, according to her, LXVX is designed to become a kind of “fear index” for Bitcoin, allowing investors and traders to more effectively manage risks.
Over the past few months, only institutional clients of LedgerX could use the index. However, now LXVX is presented on the main page of the exchange site and, therefore, is available for everyone.
LXVX Volatility Index
Crypto winter did not affected LedgerX activity heavily. Since its establishment in October 2017, about 50 thousand transactions worth more than $ 500 million were concluded on the exchange. According to Chou, the bear market, on the contrary, stimulates trading activity on the platform.