The Bitfinex Derivatives platform, which is the section of the exchange that offers derivatives products, today announced the launch of Dogecoin-based perpetual contracts (DOGEF0:USTF0).
Dogecoin (DOGE) was listed on Bitfinex today, May 18, 2021, as of 10:00 AM UTC. The contract offers exchange users leverage of up to 100x. These perpetual contracts are based on the Tether (USDT) token, which is the most popular and largest market cap stablecoin in the world.
Paolo Ardoino, CTO of Bitfinex Derivatives, explained today in the press release of the contracts:
“We’re delighted to announce the addition of Dogecoin to the growing portfolio of perpetual swaps available to trade on the exchange. We anticipate great interest in these products, particularly among funds and professional investors for hedging purposes and to manage risk.”
About Bitfinex Derivatives
Bitfinex, one of the largest volume exchanges in the crypto world, has a section dedicated to derivatives and products that are available in multiple jurisdictions and to exchange clients that have passed KYC and have therefore been verified. These products are not available to US citizens, nor are they available to citizens of Canada, Switzerland and Seychelles.
This platform is provided by iFinex Financial Technologies Limited and was launched in September 2019.
Bitfinex Derivatives also offers perpetual contracts on Bitcoin, Ethereum, EOS, Polkadot and Litecoin.