The cryptocurrency exchange Bitfinex has opened trading of stock-index derivatives against the stablecoin USDT.
Exciting news about the Derivatives Platform ⬇️https://t.co/R4cHDY44Kv
— Bitfinex (@bitfinex) September 28, 2020
The Europe 50 perpetual swap gives clients access to the STOXX Europe 50 index, comprising 50 stocks across 18 European countries. The Germany 30 swap covers the DAX – the 30 largest shares on the Frankfurt Stock Exchange.
The CTO Paolo Ardoino noted that the exchange is keen to engage clients with traditional markets.
“About 80% of the trading volumes on our platform come from high-frequency traders. We believe this offering will broaden trading strategies employing multiple assets,” he said.
Trading of swaps is available with leverage up to 100x. To access the instruments, you must have a verified account with a confirmed bank account and a verifiable source of funds.
Earlier Bitfinex added support for Wumbo payment channels on the Lightning Network for deposits and withdrawals in Bitcoin.
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