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Bitfinex Derivatives To Launch Algorand (ALGOF0:USTF0), Ripple, Bitcoin (XRPF0:BTCF0) Perpetual Swaps

Date 17/09/2021

Bitfinex Derivatives* offers a derivatives platform accessible through Bitfinex, a state-of-the-art digital token trading platform. Bitfinex Derivatives has today announced the launch of perpetual contracts for Algorand (ALGOF0:USTF0) and Ripple, bitcoin (XRPF0:BTCF0).

Algorand (ALGOF0:USTF0) and Ripple, bitcoin (XRPF0:BTCF0) will go live on 13/09/21 at 13:00 PM CET. The contracts 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,” said 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.

* 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 terms of service in effect on Bitfinex. U.S. persons are not permitted to use Bitfinex or any of its services.