Digital asset trading platform Bitfinex has launched perpetual swaps contracts for Europe 50 and Germany 30, via its Bitfinex Derivatives platform. Each contract offers users up to 100x leverage and both will be settled in tether (USDt).
“This is the first time that an exchange from the digital asset space has launched a product that bridges the gap with traditional stock markets, representing a significant milestone in the evolution of crypto as an established asset class,” says Paolo Ardoino, CTO at Bitfinex Derivatives. “Notably, settlement is in tether (USDt). This will facilitate the seamless settlement of cross-asset class trading strategies, hedging and the management of risk.”
While markets will remain open over the weekend, price limits will be put in place to increase price stability: Markets in EUROPE50IXF0:USTF0 and GERMANY30IXF0:USTF0 will have a +/-5 per cent cap on the final mark price from 4:30 PM UTC (3:30 PM UTC during the period when Central Europe observes CEST) until 8:00AM UTC (7:00 AM UTC during the period when Central Europe observes CEST) on the next buiness day.
Bitfinex Derivatives platform and products are only available in eligible jurisdictions, and are exclusive to verified users.
