Index Futures Trading Receives First Ever Crypto Market Distribution on Bitget Exchange

Crypto derivatives and copy trading exchange Bitget — the largest platform of its kind in 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 returns based on a basket of asset indices.

The accompanying asset indicators that make up the new Index Futures instrument offer users of Bitget the opportunity to earn average market returns with relatively low risk while retaining the ability to diversify 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 wide range of asset classes.

“There are virtually no index trading platforms currently in the cryptocurrency market, and we are proud to be the leading exchange in offering investors such a versatile, low-risk option. Our technology allows us to provide clear and readable indices that users can leverage to mimic their operations in traditional markets,” as Bitget CEO Gracy Chen stated at the launch of the new product.

Index Futures gives investors, both new and established, the opportunity to add a large number of assets to their balance sheets and thereby expand trading opportunities. The instrument also supports trading with long and short positions, as well as leveraged positions. The aggregated market data used to build indices provides a clear picture of market activity and investment directions, thereby allowing users to effectively identify potentially interesting assets much faster as opposed to performing technical analysis.

The BGHOT10 product will be the first to launch at the start of index futures trading. The product includes the 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 given 20X maximum leverage when trading to maintain investor interest.

Bitget is rapidly moving forward with implementing its new ‘Go Beyond Derivatives’ strategy, which has seen it strengthen its product range in recent months. One of the latest was the spot ETF product, first used on the Arbitrum ecosystem as ARBTEF in a weighted ratio of 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 looks forward to effectively bridging 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 Bitget’s part to expand its market presence and attract new users.