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Wintermute Launches CFD on GMCI USA Select Index, Tracking Top US Crypto Projects

Coin WorldTuesday, Jan 28, 2025 3:39 am ET

1min read

Cryptocurrency market maker Wintermute has launched a Contract for Difference (CFD) pegged to the GMCI USA Select Index, allowing traders to quickly adapt to evolving market narratives, including the U.S. potential strategic digital asset reserve plan. The index tracks the performance of top cryptocurrency projects with corporate headquarters in the U.S., with XRP, SOL, and DOGE having the highest weight, along with ADA, AVAX, LINK, UNI, HBAR, NEAR, LTC, and APT. Since early November last year when Trump won the U.S. presidential election, the index has risen by over 160%.

The launch of this CFD by Wintermute Asia, the Singapore-based derivatives trading entity of Wintermute, is a significant development in the cryptocurrency market. It provides traders with a new tool to hedge their positions and manage risk in the volatile cryptocurrency market. The GMCI USA Select Index is a widely followed benchmark for the performance of U.S.-based cryptocurrency projects, and the CFD allows traders to gain exposure to this index without having to hold the underlying assets.

The cryptocurrency market has seen significant growth and innovation in recent years, with new products and services being launched regularly. Wintermute's launch of the CFD pegged to the GMCI USA Select Index is a testament to the growing sophistication and maturity of the market. As the market continues to evolve, we can expect to see more innovative products and services being launched to meet the needs of traders and investors.

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