The Bitcoin Volatility Index (BVIN) was launched by CryptoCompare and the University of Sussex Business School.
The index measures the implied volatility of bitcoin — the view on volatility over the next 30 days held by bitcoin option traders. Other VIX indices are used for settlement prices of volatility futures contracts in traditional markets. The index represents a valuable tool for institutional investors to price bitcoin volatility risk, and hedge and trade on bitcoin volatility.