The cryptocurrency market is receiving a powerful injection of trading potential from the traditional trading industry as top crypto exchange Bitget has announced the launch of its latest Index Futures product. As a mirror reflection of its traditional market counterpart, Index Futures for cryptocurrencies will act as a low-risk instrument for generating yields based on aggregated indices based on a bundle of assets. Index futures come highly recommended by such investment market legends as Warren Buffet, who stresses the value of the instrument as a low-risk and low-entry threshold opportunity.
Bitget’s new Index Trading product will focus on providing spot currency-based benchmarks for generating its indices to best reflect overall market activity. Investors will be able to earn market average yields by relying on the instrument, thus reducing risks of overestimation and at the same time diversifying their portfolios.
The lack of reliable and established index trading platforms on the cryptocurrency market has allowed Bitget to leverage the niche and offer investors such a versatile and low-risk option, says Gracy Chen, the Managing Director of the Bitget Exchange.
Apart from providing a low entry threshold and relatively low-risk trading instrument, Index Futures also allow investors to diversify their portfolios and expand their operations to a broader range of assets. With support for leveraged, short and long positions, the product is certain to appeal to both new and experienced investors willing to deepen their involvement in cryptocurrency market trading opportunities.
The first product to be listed for trading on Index Futures will be BGHOT10 – a compilation of the top most traded assets on the Bitget exchange. The exchange will provide 20X leverage for the 10 most traded currencies, which at the time of writing included SOL, ADA, MATIC, ATOM, AVAX, DYDX, SUSHI, ETC, XRP, and APT. The top assets may change over time, but reflects general investment directions at the moment and thus provides a solid framework for formulating bundled indices.
Other products launched by Bitget in recent months in its strive to diversify beyond derivatives trading include the Copy Trading function and spot ETFs. The latter was first introduced for the Arbitrum ecosystem’s ARBERF and showcases promising projects in the ecosystem at a weighted ratio, which stood at ARBTEF includes GMX (40%), MAGIC (30%), GNS (25%) and RDNT (5%) at the time of writing and changes dynamically.
Bitget has been moving ahead with its new global expansion strategy, which is focused on popularizing cryptocurrency trading via general crypto adoption. The exchange has recently partnered with the Juventus Women’s Football Team for the purpose and acquired a controlling share in the world’s leading non-custodial wallet – BitKeep. A recent announcement indicated that BitKeep will be rebranded as Bitget Wallet and will be acting as the exchange’s new gateway to the ecosystem and Web3 services.
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