LEDGERX HAS SUBMITTED A BITCOIN “INDEX OF FEAR”
The platform for trading and processing digital assets LedgerX announced the public launch of an analogue of the “index of fear” in the crypto-currency market. The new index, called LXVX, measures the expected volatility of bitcoin prices based on data from bitcoin options trading on LedgerX.
It is noted that LXVX is an analogue of the ” index of fear ” – Volatility Index (VIX), which reflects the expectations of the market for the future volatility of options on the S&P 500 index.
The current value of the index LXVX can be observed on LedgerX site.
“After clearing half a billion derivatives, we were convinced that LXVX is the only trustworthy indicator for bitcoin price fluctuations,” believes the chief operating officer of LedgerX Utica Chow.
She noted that now LedgerX has contracts with”strikes” from $2 to $50 thousand with terms up to June 2020.