Volatility index (VIX) is used to measure the extent of implied volatility available in the market, and in addition represents a counter index to a standard index that tracks upward actions. It’s used broadly via traders when assessing possibility and measuring worry.

COTI, an enterprise-grade fintech platform, has made up our minds to release a decentralized model of the preferred inventory marketplace VIX index. Known as cVIX, it’s the first of its type and brings sure advantages to crypto buyers.

The cVIX index is meant to measure the extent of implied volatility within the cryptocurrency marketplace and supply buyers and traders with further gear when making necessary access and go out selections.

It will have to be famous that the index will likely be in-built a fully decentralized manner, which means that it’s going to run by itself and with out the involvement or outdoor possession of a criminal entity. As well as, the newly introduced cVIX index makes use of the Chainlink structure in addition to a number of oracles to retrieve essential monetary data.

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