Hyperliquid launches perpetual futures tied to Volmex bitcoin volatility index

On September 21, 2026, perpetual futures tied to the Bitcoin Volmex Implied Volatility Index (BVIV) debuted on the decentralized exchange Hyperliquid. Co-deployed by Markets by Kinetiq, Volmex, and Perps.inc, this launch marks the first onchain perpetual futures market for Volmex's volatility index. The USDC-denominated contracts offer up to 5x leverage, allowing traders to speculate directly on Bitcoin's 30-day implied volatility rather than its price direction.

BVIV perpetual futures launch

• ▪Perpetual futures tied to the Bitcoin Volmex Implied Volatility Index debuted on the decentralized exchange Hyperliquid on September 21, 2026.
• ▪Trading of the Bitcoin Volmex Implied Volatility Index perpetual futures on Hyperliquid is expected to begin on September 22, 2026, following a minor scheduling adjustment.

Bitcoin volatility trading mechanics

• ▪Seda's oracle infrastructure is used to connect the Volmex index to the Markets by Kinetiq exchange onchain for the Bitcoin Volmex Implied Volatility Index perpetual futures contract
• ▪The Bitcoin Volmex Implied Volatility Index perpetual futures that debuted on Hyperliquid on September 21, 2026 are collateralized and denominated in USDC, offering up to 5x leverage at launch
• ▪The Bitcoin Volmex Implied Volatility Index tracks the expected 30-day implied volatility of Bitcoin in real time, serving as a cryptocurrency equivalent to the Cboe VIX index.

Hyperliquid platform growth

• ▪The listing of the Bitcoin Volmex Implied Volatility Index perpetuals on Hyperliquid adds volatility indices to Hyperliquid's existing roster of perpetuals tied to crypto, equities, legacy indices, and commodities
• ▪Hyperliquid is the world's largest decentralized exchange for perpetual futures, registering billions of dollars in daily trading volume and carrying a fully diluted valuation above $90 billion.

Markets by Kinetiq partnership model

• ▪The deployment of the Bitcoin Volmex Implied Volatility Index perpetuals on Hyperliquid represents the first time Volmex's Bitcoin volatility index has been integrated into an onchain perpetual futures market
• ▪The listing of the Bitcoin Volmex Implied Volatility Index perpetuals on Hyperliquid was led by Markets by Kinetiq in partnership with Volmex and Perps.inc