FOR IMMEDIATE RELEASE
New York, November 3, 2014—Digital Currency Labs is pleased to announce its partnership with Emercor to produce and distribute the “Bitcoin Volatility Index (xBVIX) ®.”
The xBVIX® will function as a key measure of market expectations of near-term volatility calculated using real-time global Bitcoin prices from multiple exchanges. The index calculations leverage a patented process, and will be available as a data feed which can be leveraged across multiple systems to produce an accurate expectation of the volatility within the Bitcoin markets.
Notes Ron Quaranta, CEO of Digital Currency Labs: “This is an interesting time for the financial markets, as Bitcoin and Blockchain technology begin to fundamentally restructure the world of trading and investment. As trading in Bitcoin and Bitcoin derivatives increases, the importance of sophisticated tools, such as volatility indices, will become increasingly prevalent. The creation and marketing of xBVIX is an important step in this evolving world of finance.”
Says Kollan House, General Partner of Emercor: “We are excited about this opportunity to collaborate with DCL for the Bitcoin Volatility Index. The partnership signifies the groundbreaking of a new tool with modest goals but large implications. With the resources and experience of DCL, Emercor is very confident about this new project and its new partner.”
Interested parties or media inquires should be sent by email to: firstname.lastname@example.org
This release has been prepared for informational purposes only, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any virtual currency, security, product, service or investment in any jurisdiction. Digital Currency Labs does not hold client funds or assets, nor offers any investment advice to clients. Independent advice should be sought where appropriate.
Any information and/or opinion expressed at anytime by Digital Currency Labs is current as of publication and is subject to change without notice. Past performance does not guarantee future results and you should not rely on any past performance as a guarantee of future performance.