Crypto derivatives exchange Bitget has announced the launch of its latest product – the Index Futures service. The product is intended to provide investors with native futures trading services that grant the possibility of investing in low-risk instruments that generate yields based on aggregated market indicators.
The new Index Futures service from Bitget will provide investors with the option of tracking bundled asset indicators. This allows investors to track specific indices and reduce risks, diversify portfolios, and sell multiple assets simultaneously to generate positive yields. Spot currencies are used as benchmarks for the indices, reflecting general market dynamics and sentiment by correlating with specific asset classes.
Bitget will launch the BGHOT10 product first as part of its Index Futures introduction, giving users access to 10 of the most dynamic assets on the exchange. A maximum leverage of 20X will be provided to expand trading opportunities. At present, the basket of the top 10 traded assets on the Bitget exchange includes SOL, ADA, MATIC, ATOM, AVAX, DYDX, SUSHI, ETC, XRP, and APT. Such a composition is currently indicative of overall market sentiment and possible future changes.
“There are virtually no index trading platforms on the cryptocurrency market at present and we are proud to become the leading exchange in the domain of 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 stated by Gracy Chen, the Managing Director of Bitget.
The main advantage of the new product is that it allows investors to significantly diversify their portfolios and reduce risks while expanding trading opportunities. The instrument allows for taking a variety of positions, including long, short or leveraged and rely on aggregated market data when making investment decisions. Another significant advantage is that index futures generate average market returns, thus keeping investors’ appetites both realistic and consistently in positive territory.
As part of its strategy of expanding the services and product lineup, Bitget has recently launched spot ETFs, presenting the Arbitrum ecosystem’s ARBETF as the first option on offer. The product tracks price trends on various trending assets within the ecosystem and gives users an advantage in selecting potentially profitable ones. At present, ARBTEF includes GMX (40%), MAGIC (30%), GNS (25%) and RDNT (5%). The proportion of assets is dynamic and is subject to change based on market movements in the future.
The launch of the new Index Futures is in line with Bitget’s new approach to integrating CeFi and DeFi. Index Futures are a popular option among investors, with legendary investor Warren Buffet routinely supporting their use as a reliable and low-cost means of capital buildup. The exchange’s management is confident that such developments will help attract new users and streamline the trading experience along with entry into Web3 space.
