Bitfinex’s derivatives platform has launched a new perpetual swap product for traders based on Bitcoin’s market dominance.
Bitcoin’s dominance refers to the overall market cap share of the crypto market and is considered among one of the key metrics for cryptocurrencies.
Bitcoin, being the king of cryptocurrencies, has the highest market dominance which currently stands at 68% at the time of press.
The newly launched Bitcoin dominance perpetual swaps are bound to be less volatile, given Bitcoin’s market dominance has remained stable over the time of its existence.
Last month, Bitfinex launched its own social media platform for traders – called Bitfinex Pulse – to help traders communicate more efficiently.

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