How to Trade BTC Implied Volatility?

Simple risks of pure implied volatility. This appears in the form of tradable futures on volatility indices—a tool common in traditional markets. Deribit is taking the first step in this direction by launching its own Bitcoin volatility index, DVOL, with the goal of soon launching futures on this index. This index uses the implied volatility of related expiries to output a number, providing a measure of 30-day annualized implied volatility.