Traditionally, traditional trading platforms and exchanges are turning to the new crypto market to offer the possibility of trading cryptocurrencies and their derivatives.

However, Bitfinex did otherwise by launching equity indices derivatives which made it possible to trade them against the USDT stablecoin.

The new derivatives offered by the Bitfinex trading platform are Europe 50 Index and Germany 30 Index.

The Europe 50 Index representsStokesWhich covers 50 stocks from 18 European countries.

As for the Germany 30 Index, which is also called the “Index”German stocksWhich is abbreviated as (DAX) and represents the 30 largest German stocks traded on the Frankfurt Stock Exchange.

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This is the first time that a cryptocurrency trading platform has launched a stock market product.

Paolo Arduino, CTO of Bitfinex to source By saying:

CME has moved into cryptocurrency with bitcoin futures.

Now Bitfinex is moving to the traditional markets.

Arduino added that Bitfinex wanted to expand the investment world and enable cryptocurrency traders to have exposure to the traditional markets on a single platform.

And tell what it means:

High frequency traders account for about 80% of the trading volume on our platform.

We are committed to their requirements and see this offer as capable of enhancing trading strategies.

Permanent swaps in Europe 50 and Germany 30 offer leverage of up to 100 times.

With the possibility of trading them against Tether (USDT), thus reducing foreign exchange and interest rate risks.

The same speaker added:

The fact that USDT settlement is important because this makes trading smooth and efficient and makes trading more interesting and attractive between different asset classes.

The new derivatives are available in select jurisdictions and are intended for authorized users.

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Arduino explained that this means that traders will be required to undergo a due diligence process to verify and confirm their identity and the source of funds.

The “Bitfinex” platform has previously launched a foreign exchange offer, represented by perpetual contracts in Euro, British Pound and Japanese Yen that can be converted and traded against Tether.

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