Bitfinex has launched index swaps for European stock markets The Bitfinex cryptocurrency exchange launched stock index derivatives paired with USDT stablecoin, thus expanding its offer beyond digital assets, writes The Block.

Bitfinex launches swaps on indices of European stock markets

Cryptocurrency exchange Bitfinex launched stock index derivatives paired with USDT stablecoin, thus expanding its offer beyond digital assets, writes The Block.

Europe 50 and Germany 30 perpetual swaps will give investors access to the STOXX Europe 50 and Deutscher Aktien Index (DAX) indices, respectively. The first one covers 50 shares in 18 European countries, the second one - 30 largest shares on the Frankfurt Stock Exchange.

“The Chicago Mercantile Exchange (CME) has entered crypto with bitcoin futures. Bitfinex is now entering traditional markets, ”said Paolo Ardoino, CTO of Bitfinex.

This is how Bitfinex seeks to expand its investment offering and provide access to traditional markets on a single platform, he said. “High-frequency traders account for about 80% of our platform's trading volumes. We are tailored to their needs and believe that this proposal can expand trading strategies using multiple assets, ”he added..

Europe 50 and Germany 30 swaps are offered with up to 100x leverage. To trade them, you must have a verified account, including proof of identity, source of funds and bank account.

Earlier, Bitfinex launched trading in foreign currencies, including the euro, pound and yen, in pairs with USDT.

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