# What Is the VIX Equivalent for Cryptocurrency Options Trading? ⎊ Path

**Published:** 2025-12-04
**Author:** Greeks.live
**Categories:** Path

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## What Is the VIX Equivalent for Cryptocurrency Options Trading?

The VIX, or Cboe Volatility Index, is the primary measure of expected stock market volatility. In cryptocurrency, there are similar indices, such as the CBOE's VIX for Bitcoin (BVIX) or other proprietary indices like the Crypto Volatility Index (CVI).

These indices calculate implied volatility from a basket of crypto options, providing a forward-looking market sentiment measure.

- [What Is the Significance of the VIX Index in Relation to Implied Volatility and Market Risk?](https://learn.greeks.live/path/what-is-the-significance-of-the-vix-index-in-relation-to-implied-volatility-and-market-risk/)

- [How Does the VIX (Or a Crypto Equivalent) Relate to the IV of ATM Options?](https://learn.greeks.live/path/how-does-the-vix-or-a-crypto-equivalent-relate-to-the-iv-of-atm-options/)

- [What Is the “VIX” Index and How Does It Relate to Implied Volatility?](https://learn.greeks.live/path/what-is-the-vix-index-and-how-does-it-relate-to-implied-volatility/)

- [How Can an NFT Be Used to Represent a Synthetic Asset That Is a Basket of Other Tokens?](https://learn.greeks.live/path/how-can-an-nft-be-used-to-represent-a-synthetic-asset-that-is-a-basket-of-other-tokens/)

- [What Is the VIX Index and Is There a Direct Equivalent for the Cryptocurrency Market?](https://learn.greeks.live/path/what-is-the-vix-index-and-is-there-a-direct-equivalent-for-the-cryptocurrency-market/)

- [Why Are Cryptocurrency Index Futures Typically Cash-Settled?](https://learn.greeks.live/path/why-are-cryptocurrency-index-futures-typically-cash-settled/)

- [How Does the VIX Index Relate to Crypto Volatility Measures?](https://learn.greeks.live/path/how-does-the-vix-index-relate-to-crypto-volatility-measures/)

- [What Is the VIX Equivalent for Cryptocurrency Markets?](https://learn.greeks.live/path/what-is-the-vix-equivalent-for-cryptocurrency-markets/)

## Glossar

### [VIX Equivalent for Cryptocurrency](https://learn.greeks.live/area/vix-equivalent-for-cryptocurrency/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)

Equivalent ⎊ The VIX Equivalent for Cryptocurrency refers to a volatility index, such as the BitVol Index (BVOL), designed to replicate the methodology and function of the Cboe Volatility Index (VIX) but applied to a major digital asset like Bitcoin.

### [VIX](https://learn.greeks.live/area/vix/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)

Index ⎊ The VIX, or Cboe Volatility Index, is a real-time market index representing the market's expectation of future volatility over the next 30 days.

## Discover More

### [What Is the Primary Reason for the Popularity of Perpetual Futures in Cryptocurrency Trading?](https://learn.greeks.live/path/what-is-the-primary-reason-for-the-popularity-of-perpetual-futures-in-cryptocurrency-trading/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![What Is the Primary Reason for the Popularity of Perpetual Futures in Cryptocurrency Trading?](https://learn.greeks.live/wp-content/uploads/2025/10/Precision-Engineering-of-Decentralized-Finance-Derivatives-Pricing-Oracles-and-Risk-Management-Systems.webp)

Convenience of leveraged trading without an expiration date, eliminating the need for contract rollover management.

### [What Is 'Slippage' in Cryptocurrency Trading and How Do Dark Pools Help Mitigate It?](https://learn.greeks.live/path/what-is-slippage-in-cryptocurrency-trading-and-how-do-dark-pools-help-mitigate-it/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![What Is 'Slippage' in Cryptocurrency Trading and How Do Dark Pools Help Mitigate It?](https://learn.greeks.live/wp-content/uploads/2025/10/Precision-Alignment-Mechanism-Exemplifying-Decentralized-Finance-Derivative-Execution-Schematics.webp)

Slippage is the execution price deviation from the expected price; dark pools prevent large orders from moving the public price.

### [What Is the VIX and Is There a Crypto Equivalent?](https://learn.greeks.live/path/what-is-the-vix-and-is-there-a-crypto-equivalent/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![What Is the VIX and Is There a Crypto Equivalent?](https://learn.greeks.live/wp-content/uploads/2025/10/Decentralized-Finance-Protocol-Configuration-Representing-Complex-Volatility-Surface-Dynamics-in-Digital-Asset-Hedging.webp)

VIX measures expected S&P 500 volatility; crypto equivalents like BVIX measure the implied volatility of crypto options.

### [How Does Volatility Affect Options Trading versus Spot Trading?](https://learn.greeks.live/path/how-does-volatility-affect-options-trading-versus-spot-trading/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![How Does Volatility Affect Options Trading versus Spot Trading?](https://learn.greeks.live/wp-content/uploads/2025/10/Macroscopic-View-of-Teal-Spherical-Opaque-Material-Interfacing-with-Polished-Metallic-Structural-Member-Indicating-Volatility-Surface-Contact.webp)

In spot trading, volatility is price movement. In options, volatility is a direct factor in the contract's price (premium).

### [Why Do Cryptocurrency Options Typically Have Higher Premiums than Stock Options?](https://learn.greeks.live/path/why-do-cryptocurrency-options-typically-have-higher-premiums-than-stock-options/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![Why Do Cryptocurrency Options Typically Have Higher Premiums than Stock Options?](https://learn.greeks.live/wp-content/uploads/2025/10/Precision-Engineered-Cryptocurrency-Asset-Apex-Representing-Volatility-Surface-Skew-Configuration.webp)

Crypto options have higher premiums due to the underlying asset's high implied volatility.

### [In the Context of Options, What Is the Equivalent of a "Payout Scheme" for a Contract Seller?](https://learn.greeks.live/path/in-the-context-of-options-what-is-the-equivalent-of-a-payout-scheme-for-a-contract-seller/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![In the Context of Options, What Is the Equivalent of a "Payout Scheme" for a Contract Seller?](https://learn.greeks.live/wp-content/uploads/2025/10/Precise-Bifurcation-of-Synthetic-Asset-Obligation-Between-Bouncing-Liquidity-Pools.webp)

The seller's equivalent is the upfront premium received, which is their guaranteed revenue for assuming the contract's obligation and risk.

### [Define 'In-the-Money' (ITM) for Both Call and Put Cryptocurrency Options](https://learn.greeks.live/path/define-in-the-money-itm-for-both-call-and-put-cryptocurrency-options/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![Define 'In-the-Money' (ITM) for Both Call and Put Cryptocurrency Options](https://learn.greeks.live/wp-content/uploads/2025/10/Futuristic-Volatility-Surface-Modeling-for-Decentralized-Option-Vault-Structures.webp)

A Call is ITM when underlying price is above strike. A Put is ITM when underlying price is below strike.

### [What Is the VIX Equivalent in the Cryptocurrency Derivatives Market?](https://learn.greeks.live/path/what-is-the-vix-equivalent-in-the-cryptocurrency-derivatives-market/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![What Is the VIX Equivalent in the Cryptocurrency Derivatives Market?](https://learn.greeks.live/wp-content/uploads/2025/10/Intertwined-Hedging-Instruments-Encircling-A-Reflective-Core-Digital-Asset-Datum.webp)

It is a calculated index tracking the implied volatility of Bitcoin or Ethereum options, such as Deribit's DVOL or BVOL.

### [How Does the Cryptocurrency Market's High Volatility Affect the Time Value of Crypto Options?](https://learn.greeks.live/path/how-does-the-cryptocurrency-markets-high-volatility-affect-the-time-value-of-crypto-options/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![How Does the Cryptocurrency Market's High Volatility Affect the Time Value of Crypto Options?](https://learn.greeks.live/wp-content/uploads/2025/10/Decentralized-Finance-Primitive-Architectures-Analyzing-Implied-Volatility-Surface-Structures.webp)

High crypto volatility leads to higher Implied Volatility, inflating the option's time value and the absolute premium subject to Theta decay.

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