<span style="font-weight: 400">Bitfinex, a leading crypto exchange, has <a href="https://forextv.com/equities/bitfinex-launches-tether-settled-perpetual-contracts-based-on-european-equities/" target="_blank" rel="nofollow noopener">launched </a>equity index derivatives that will settle in Tether stablecoin. With this launch, the exchange has now expanded beyond its digital asset space. </span>

<span style="font-weight: 400">The two derivatives are Europe 50 and Germany 30 perpetual swaps. With this, the users are going to have access to the traditional stock markets. Europe 50 will be covering the stocks from around 18 European countries. German 30 will be representing Deutscher Aktien Index (DAX) of the 30 largest German stocks. </span>
<h2><b>Bitfinex is First Crypto Exchange to Launch Equity Product</b></h2>
<span style="font-weight: 400">With the launch of these two equity index derivatives, Bitfinex became the first crypto exchange to launch the equity product. Paolo Ardoino, CTO at Bitfinex, has said that the exchange is now moving into the conventional markets. </span>

<span style="font-weight: 400">Ardoino has said that the exchange is aiming to help crypto traders to have access to traditional markets as well. He mentioned, “</span><span style="font-weight: 400">High-frequency traders account for about 80% volume on our platform. We are attuned to their requirements and see this offering as being able to enhance cross-asset trading strategies.” </span>

<span style="font-weight: 400">Both the derivatives offer leverage up to 100x and they will settle in USDT which will help them to reduce Forex and interest rate risks. He said, “the fact that settlement is in <a href="https://www.cryptoknowmics.com/news/usdt-is-a-game-changer-for-online-poker/">USDT</a> is important as this makes trading seamless, efficient, and powers interesting plays between different asset classes.”</span>
<h2><b>Derivatives Will be Available in Select Jurisdictions</b></h2>
<span style="font-weight: 400">The new derivatives that will be offered by Bitfinex will be available in some selected jurisdictions only to the verified users. In order to become verified users, they will be required to confirm their identity, banking relationships and other specific details. The exchange has also launched a Forex offering recently which includes, Euro, British Pound, and Japanese Yen perpetual contracts. These perpetual contracts also settle in Tether.</span>

Bitfinex Launches Equity Index Derivatives That Settles in Tether

Bitfinex has launched equity index derivatives that will settle in Tether stablecoin and becomes first exchange to launch equity product.

Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.

Bitfinex Launches Equity Index Derivatives That Settles in Tether

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