Bitfinex debuts Asia's first BTC inverse product amid growing investment diversity
CryptoNewsTerminal Staff23 Jul, 2024
Bitfinex debuts Asia's first BTC inverse product amid growing investment diversity
Bitfinex, a leading cryptocurrency exchange, has launched Asia's first Bitcoin (BTC) inverse product, a move that could potentially introduce volatility into the crypto market. “It allows people to bet on price decreases, reflecting the growing sophistication and diversity of crypto investment types,” explained Jag Kooner, Bitfinex's head of derivatives. The product is designed to provide traders with a tool for hedging their positions during periods of high volatility and acts as a means of diversification and risk management.