Bitfinex Derivatives launches a perpetual contract for Silver

Bitfinex Derivatives,a derivatives platform accessible through digital token trading platform Bitfinex, has launched a perpetual contract for Silver.

The contractm which went live on 26 October, will offer users up to 100x leverage and will be settled in Tether (USDt) tokens.

“As the second precious metal offering, we anticipate a ready uptake for this silver perpetual contract,” says Paolo Ardoino, CTO at Bitfinex Derivatives. “This offering is available to sophisticated traders for the purposes of hedging and managing risk.”

Bitfinex Derivatives platform and products are only available in eligible jurisdictions, and are exclusive to verified users.