LEDGERX WILL TRACK THE VOLATILITY OF THE BITCOIN MARKET

The cryptocurrency derivatives exchange LedgerX has launched the LedgerX Volatility Index (LXVX), which tracks the expected volatility of bitcoin.

The index is based on the data of options traded on LedgerX. Operating officer of the exchange Juthica Chou noted that LXVX is similar to the popular VIX index from the CBOE, which measures expected volatility in the equity markets.

Thus, according to her, LXVX is intended to become a kind of “fear index” for bitcoin, allowing investors and traders to manage risks more effectively.