Crypto derivatives and copy trading exchange Bitget — the largest platform of its kind on the market, has announced the launch of its Index Futures product.
The new instrument is designed to attract new investors to the exchange by providing them with low-risk market entry opportunities and high yields based on a basket of asset indices.
The bundled asset indicators that make up the new Index Futures instrument give users of Bitget the ability to earn market average returns at relatively low risks while retaining the option of diversifying their portfolios. The tool uses spot currencies as benchmarks to create the index charts and can thus be considered a reliable indicator of overall market activity and sentiment for a broad range of asset classes.
“There are virtually no index trading platforms on the cryptocurrency market at present and we are proud to become the leading exchange in offering investors such a versatile and low-risk option. Our technology allows us to provide clear and readable indices that users can leverage to mimic their operations on traditional markets,” as Gracy Chen, the Managing Director of Bitget, stated on the launch of the new product.
Index Futures grants investors, both new and established, the ability to add a large number of assets to their balances and thus expand trading opportunities. The instrument also supports long and short-position trading, as well as leveraged positions. The aggregated market data used for building indices provides a clear picture of market activity and investment directions, thus allowing users to effectively identify potentially interesting assets much faster as opposed to conducting technical analysis.
The BGHOT10 product will be the first to be launched at the start of Index Futures trading. The product entails the top 10 most actively traded assets on Bitget, including SOL, ADA, MATIC, ATOM, AVAX, DYDX, SUSHI, ETC, XRP, and APT. As index-providing assets, these digital currencies will be provided 20X maximum leverage upon trading to uphold investor interest.
Bitget is rapidly moving ahead with implementing its new ‘Go Beyond Derivatives’ strategy, which has seen it bolster its product lineup in recent months. One of the latest was the spot ETF product, first employed on the Arbitrum ecosystem as ARBTEF in a weighted ratio across GMX (40%), MAGIC (30%), GNS (25%) and RDNT (5%). Such innovations allow Bitget to effectively copy trading instruments from the traditional market and apply them to the crypto industry.
As a long-time supporter of decentralized solutions and crypto adoption, Bitget is looking forward to effectively bridging the gap between CeFi and DeFi, while attracting users to join the Web3 space. The recent acquisition of a controlling stake in the BitKeep wallet is a significant step on the part of Bitget to expand its presence on the market and attract new users.