WOO X, a prominent crypto exchange, recently introduced three new Perpetual Contracts based on the GMCI Index: GMCI 30, GMCI L2, and GMCI MEME. This marks an industry first, as these contracts represent the initial appearance of the GMCI L2 and GMCI Meme indices on a centralized platform. Users now have access to fresh trading opportunities through these innovative contracts.
GMCI Index Perpetual Contracts provide traders with various choices, marking a significant step for GMCI to widen investment opportunities in the crypto sphere. Through GMCI’s carefully designed indices, investors can tap into extensive data pools, gaining an all-encompassing perspective of the dynamic cryptocurrency market.
WOO X just introduced indices for crypto.
GM30 = the top 30 crypto, weighted by market cap
L2 = Ethereum L2 solutions
MEMES = a basket of memecoins.Taking advantage of sector-trends just became a lot easier.
Sign up for WOO X with code JELLE15 to get 50% of your fees back.
— Jelle (@CryptoJelleNL) April 10, 2024
These indices are essential for assessing investment approaches in the crypto market, given the growing involvement of conventional financial institutions.
GMCI 30 Index: Core Market Insights
The GMCI 30 Index focuses on the 30 most significant cryptocurrencies, providing valuable information about the market’s fundamental components and major influencers. Expanding its scope beyond well-known currencies such as Bitcoin and Ethereum, it grants access to a diverse range of digital assets, enabling investors to make knowledgeable investment choices.
The GMCI L2 Index spotlights significant Layer 2 blockchain technologies, showcasing developments in scalability and optimization. It functions as a vital marker of innovations within the secondary layer of blockchain infrastructure, offering insights into the development and effects of these advancements on main blockchain networks.
The GMCI Meme Index represents popular meme coins based on market size, reflecting the unique spirit of crypto and web3 communities. It sheds light on the entertaining yet significant impact of blockchain technology through memes, acting as a crucial gauge for the progression and possibilities of meme coins.
WOO X collaborates with Wintermute and Kronos Research to serve as liquidity suppliers for the GMCI Indexes. This partnership provides users with trustworthy market access and substantial liquidity. Wintermute’s proficiency in algorithmic and swift trading ensures smooth trading experiences for all users.
Also read: WOO X Names Bryan Chu as New Chief Product Officer
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2024-04-10 18:45