Today we've launched BVOL7D, the compliment to our recently-released BVOL24H contract.

BVOL24H settles on daily volatility calculated using 288 snaps per-day from Bitfinex (one every five minutes). It settles daily at 12:00 GMT. It can be traded on leverage and is very volatile. Settlement prices in the last two weeks have ranged from 4.13 to 0.95.

BVOL7D is similar to BVOL24H but settles on 2016 snaps (288 per day * 7 days) every Friday at 12:00 GMT. It is useful for hedging volatility and is more gentle than BVOL24H. Backfill of the last few weeks shows settlements ranging from 7.60 to 3.34.

Both of these contracts are a lot of fun to trade even in a sideways market and are a hedger-friendly alternative to binary options. With leverage, it is possible to quadruple your money if volatility takes a sudden turn intraday.

Fees on BVOL24H are our lowest-ever: 0% Maker / 0.03% Taker. BVOL7D is very reasonable at 0% Maker / 0.10% Taker.

Feel free to talk to us in chat or on the Whaleclub Teamspeak if you have questions about these contracts.