According to BlockBeats, on September 4, the crypto derivatives protocol Volmex Finance launched a new implied volatility index for the SOL token. The index measures the expected volatility of SOL in the next 14 days.
Volmex said traders can track the index to understand the potential volatility of SOL prices over the next two weeks. A 30-day index and related derivatives will be launched in the future, allowing market participants to bet on volatility.
Volatility trading involves profiting from the magnitude of price swings rather than their direction. Traders use instruments such as options and futures to bet on or hedge against volatility.
