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Equity indices include GERMANY 40, SPAIN 35, EUROPE 50, FRANCE 40, UK 100
PROVIDENCE, Mahe, Seychelles, March 29 2023 – Bitfinex Derivatives is pleased to announce a range of perpetual contracts for five of the largest and most popular European Equities markets; GERMANY 40, SPAIN 35, EUROPE 50, FRANCE 40, and UK 100.
The launch of these equity perpetual contracts will allow Bitfinex customers to trade products that are usually found on traditional financial exchanges, but are subject to restricted trading hours. On Bitfinex Derivatives, they will be available to trade 24-hours a day, seven days a week, subject to certain limitations during periods when the mark price is stale (as further described in the Derivative Product description).
The GERMANY 40** is a market capitalisation weighted index that tracks the performance of the 40 largest and most liquid blue-chip companies in Germany. It’s an engineering/manufacturing heavy index that includes high-end vehicle manufacturers, making it sensitive to changes in the business cycle. The GERMANY 40 also is intended to be a strong indicator of market trends in Germany, home to Europe’s largest economy.
The SPAIN 35*** is a market capitalisation weighted index that tracks the performance of the 40 largest and most liquid blue-chip companies in Spain. The index is dominated by financial services, telecommunications, and clothing manufacturing.
EUROPE 50**** is a market capitalisation weighted index that tracks the performance of 50 Eurozone blue-chip companies that are considered to be industry leaders of their respective fields. Predominantly representing French and German companies, it’s one of the most liquid indices for the Eurozone.
The FRANCE 40***** is a market capitalisation weighted index that tracks the performance of the 40 largest and most liquid blue-chip French companies. Although the index is composed of 40 French companies, they are considered to be more multinational than similar companies across Europe because the majority of their business is conducted outside of France. Additionally, the majority of their workforces reside outside of France.
The UK 100****** is a market capitalisation weighted index that tracks the performance of the 40 largest and most liquid blue-chip companies in the United Kingdom. It is significantly composed of pharmaceutical and energy/commodity companies. Due to the recent weakness of GBP, the index has gained more traction with international investors as a way to express their bullishness or bearishness on the pound.
These equity index perpetual contracts join Bitfinex’s expanding perpetual trading portfolio of more than 60 crypto perpetuals, its commodities perpetuals which include oil (UKOIL-PERP), platinum (XPT-Perp), palladium (XPD-Perp), Tether Gold (XAUT-Perp), and its FX perpetual contracts on Euro, Yen and Sterling (EUR-Perp, JPY-Perp, and GBP-Perp).
The new contracts will go live on March 29 at 10:30 AM UTC, and will offer users up to 100x leverage, settled in US dollar denominated Tether tokens (USDt).
“We are delighted to add the GERMANY 40, SPAIN 35, EUROPE 50, FRANCE 40 and UK 100 perpetual swaps to our portfolio of derivatives products. These European Equity Indices are strong indicators of how the European economy is performing, and we are proud to give Bitfinex traders the freedom to trade these new contracts at any time of the day and the week,” said Paolo Ardoino, CTO of Bitfinex derivatives .
The equities contracts on Bitfinex work in the same way as other perpetuals on the exchange. All transactions and funding are settled in USDt, and margin collateral will be denominated in USDt. The mark price is determined on the basis of the average of the most recent bid and offer prices from an independent third party information provider and multiplying it by the prevailing USD/USDt exchange rate. Bitfinex Derivatives platform and products are only available in eligible jurisdictions, and are exclusive to verified users.
* The derivatives platform is provided by iFinex Financial Technologies Limited. References to Bitfinex Derivatives in this press release are references to iFinex Financial Technologies Limited. All deposits, activities, and users are subject at all times to all of the Derivatives Terms of Service in effect on Bitfinex Derivatives. U.S. persons are not permitted to use Bitfinex or any of its services.
Important Notes
This press release is intended for journalists. It is not intended to be broadly disseminated.
This press release is not an offer to sell or the solicitation of an offer to purchase any financial products. iFinex Financial Technologies Limited will only allow access to its derivatives platform pursuant to its derivatives terms of service available (as at the date of this press release) at https://www.bitfinex.com/legal/derivative/terms
The summary description of the perpetual contract for GERMANY40IX:USTF0, SPAIN35IX:USTF0, EUROPE50IX:USTF0, FRANCE40IX:USTF0, UK100IX:USTF0.
in this press release is provided for convenience purposes only. The perpetual contracts for GERMANY40IX:USTF0, SPAIN35IX:USTF0, EUROPE50IX:USTF0, FRANCE40IX:USTF0, UK100IX:USTF0 are more particularly described in the Derivative Product Descriptions found athttps://www.bitfinex.com/legal/derivative/product. If there are any differences between the description in this press release and the Derivative Product Description, the Derivative Product Description will govern. Please read it carefully to ensure you understand the products available on the derivatives platform. Any summary information regarding the above referenced perpetual contracts in this press release is provided for convenience purposes only and may not be relied upon. Please ensure you conduct your own research regarding these perpetual contracts.
Glossary
**GERMANY40 is intended to track the benchmark index for the German equity market DAX
***SPAIN 35 is intended to track the benchmark index for the Spanish equity market IBEX 35
****EUROPE 50 is intended to track the benchmark index for the European equity market EURO STOXX 50
*****FRANCE 40 is intended to track to the benchmark index for the French equity market CAC 40
******UK 100 is intended to track to the benchmark index for the UK equity market FTSE 100
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About Bitfinex Derivatives
Launched in September 2019, iFinex Financial Technologies Limited offers a derivatives platform that is accessible through Bitfinex, a digital token trading platform offering state-of-the-art services for digital currency traders and global liquidity providers. Visit www.bitfinex.com to learn more.
Bitfinex to List Lido DAO’s Native Governance Token, LDO
ROAD TOWN, British Virgin Islands – April 10, 2023 Bitfinex (https://www.bitfinex.com/), a state-of-the-art digital token trading platform, announced today that it will be listing LDO, the native governance token of Lido DAO.
As a liquid staking solution for proof-of-stake (POS) blockchains, Lido aggregates node operator partners who run the underlying validator infrastructure on multiple blockchains, including Ethereum, Solana, Polygon, Polkadot and Terra. It enables users to stake their ETH tokens in a non-custodial and transparent manner to contribute to the stability of the Ethereum ecosystem as a whole.
Lido’s ERC-20 governance token, LDO, gives Lido DAO members a vote in the future of Lido, allowing each DAO member to have a personal say in the community. It allows them to reward Lido DAO users and activities. Payments from the DAO include grants, referral program payouts, liquidity incentives, insurance purchases, and bug bounties. The token has a market cap of $2.28 Billion and a circulating supply of 861,942,547.
“We are delighted to introduce LDO to the Bitfinex ecosystem,” said Henry Child, Head of Tokens at Bitfinex. “Lido empowers users to maintain much needed liquidity on blockchains through staking in a transparent, decentralised manner, a powerful utility that Bitfinex customers will find extremely useful.”
Bitfinex will open deposits for LDO on April 12, 2023 at approximately 10AM UTC. Trading of LDO will commence on April 14, 2023 at approximately 10AM UTC, in trading pairs against the US Dollar (USD) and Tether tokens (USDt)
To obtain access to LDO on Bitfinex, customers can visit https://www.bitfinex.com/.
*All users of www.bitfinex.com are subject to Bitfinex’s terms of service (“TOS”). Please note that U.S. persons (as defined in the TOS), among other prohibited persons (as defined in the TOS), are strictly prohibited from directly or indirectly holding, owning or operating an Account (as defined in the TOS) on www.bitfinex.com.
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About Bitfinex
Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
Media contact for Bitfinex
press@bitfinex.com
The post <strong>Bitfinex Derivatives to Launch European Equity indices </strong> appeared first on Bitfinex blog.
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