Calling all crypto thrill-seekers! Bitfinex Derivatives is upping the ante with two brand new futures contracts that let you play the ever-volatile world of Bitcoin and Ethereum – but with a twist. Instead of betting on the price going up or down, these contracts focus on something a little spicier: implied volatility.

Think of implied volatility as a gauge for the market's jitters. A high reading means investors are bracing for big price swings, while a low reading suggests they're feeling calm. With the new Bitcoin Implied Volatility Index (BVIVF0:USTF0) and Ethereum Implied Volatility Index (EVIVF0:USTF0) contracts, you can essentially wager on whether the market expects Bitcoin and Ethereum to buckle up for a wild ride (high volatility) or cruise along smoothly (low volatility) in the coming weeks.

These contracts are a departure from traditional futures that track the price directly. Here, you're betting on the market's collective anxiety, not the price itself. Think you can predict if investors are going to be white-knuckling it or kicking back with cocktails? These contracts let you put your money where your gut feeling is.

The secret sauce behind these contracts is the Volmex Implied Volatility indices, which keep their finger on the pulse of the market's 30-day volatility expectations for these leading cryptos. It's like having a front-row seat to the market's emotional rollercoaster, without actually needing to buy or sell any Bitcoin or Ethereum.

But wait, there's more! Bitfinex cranks the dial up to eleven with leverage of up to 20x on these contracts. This means you can potentially supercharge your profits (or losses) – but be warned, this is for experienced traders with nerves of steel and a healthy risk tolerance.

These new volatility contracts offer a fresh perspective for market wizards to gauge sentiment and potentially profit from anticipated price movements in Bitcoin and Ethereum. Remember, though, volatility and price often move in opposite directions. When the price of Bitcoin or Ethereum takes a nosedive, the volatility index usually skyrockets, reflecting the market's growing unease. Conversely, calm seas often translate to lower volatility readings. But don't forget, unexpected events can send volatility spiking like a rogue wave, so be prepared for anything!

Mark your calendars, because the BVIVF0:USTF0 and EVIVF0:USTF0 contracts launch on Bitfinex Derivatives on April 3rd, 2024. Just a heads-up, US residents won't be able to join the ride as per Bitfinex's terms of service. So, if you're outside the US and ready to test your market prediction skills, buckle up and get ready to play the Bitcoin and Ethereum volatility game!