Bitfinex to launch new financial instruments including options and gold-backed stablecoin

In an interview with The Block, Bitfinex CTO Paolo Ardoino discussed the exchange’s plans to offer options as soon as Q1 2020. He also mentioned the addition of gold-backed stablecoin, perpetual swaps, and basket futures, although did not disclose any more details.

Why it matters:

• As we noted with CME’s foray into bitcoin options, more derivative providers will create more ways to hedge price exposure and help create a more efficient market.
• In the last two months two gold backed tokens have been announced, Paxos ($PAXG) and CoinShare ($DGLD). The increased availability of gold investments comes at a time of macroeconomic uncertainty where stores of value are likely to be in high demand.