A VIX index tracks the volatility of an underlying index. In this case an index of an average of bitcoin prices, which are traded on different exchanges. For this measure option prices are used to find a gauge for volatility implied by the market. So this VIX index is tradable using these same bitcoin options.

The Bitcoin VIX we calculate is constructed by using option strike prices of the most actively traded expiries on Deribit. These expiries are the biweekly and monthly maturities from the calculation date. The Bitcoin VIX we construct is therefore equivalent to the 14 days expected volatility of the Bitcoin index, and derived from real-time, mid-quote prices of Deribit bitcoin at-the-money call and put options.

We indexed the performance of several categories of cryptocurrencies and displayed them on the graph. This allows you to clearly see the difference in performance.

Here’s a breakdown of the different buckets, the buckets are rebalanced every 7 days;

This tab exhibits the most volatile pair based on the last 24 hours. The annualized volatility are presented and the daily price graph of the most volatile pair is also shown in the graph. The statistics are daily updated in the morning. The data is collected from the major global crypto exchanges and pairs of the coins with the biggest market capitalizations are tracked.