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Bitfinex Derivatives to launch algorand, ripple, bitcoin perpetual swaps – HedgeWeek

Bitfinex Derivatives, a derivatives platform accessible through the Bitfinex digital token trading platform, has launched perpetual contracts for algorand, and ripple bitcoin.

Algorand (ALGOF0:USTF0) and ripple, bitcoin (XRPF0:BTCF0) offer users up to 100x leverage and will be settled in tether tokens (USDt) and bitcoin (BTC), respectively.

“We’re delighted to announce the addition of algorand and ripple, bitcoin to the growing portfolio of perpetual swaps available to trade on the exchange,” says Paolo Ardoino, CTO at Bitfinex Derivatives. “We anticipate great interest in these products, particularly among funds and professional investors for hedging purposes and to manage risk.”

Bitfinex Derivatives platform and products are only available in eligible jurisdictions, and are exclusive to verified users.