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Bitfinex's New Derivatives Allows Investors To Bet On Bitcoin's Dominance Rate

Roland James

Summary: Bitfinex has released a new derivative which will allow investors to take a position on bitcoin's overall share of the cryptocurrency market. According to an announcement from the Seychelles-based crypto exchange on Wednesday, the BTCDOM contract would enable investors to bet on bitcoin's dominance rate, a metric for figuring out the market's bitcoin value versus ...

Bitfinex has released a new derivative which will allow investors to take a position on bitcoin's overall share of the cryptocurrency market.

According to an announcement from the Seychelles-based crypto exchange on Wednesday, the BTCDOM contract would enable investors to bet on bitcoin's dominance rate, a metric for figuring out the market's bitcoin value versus the value of other cryptocurrencies.

By Roland James

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