🗂️GMCI 30 & MEME Indices
Discover crypto-native index products on Vertex that allow traders to speculate on the performance of a specific cryptocurrency index directly on the Vertex app -- courtesy of GMCI.
Vertex currently has two index perpetual products listed:
The perpetual indices provide exposure to diversified digital asset markets, functioning as derivative contracts that allow traders to speculate on the performance of a specific cryptocurrency index directly on the Vertex app.
These indices comprise a basket of various cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), and other top-performing digital assets.
For more details on GMCI products, please visit their website here.
GMCI Indices Launch Announcement: https://x.com/vertex_protocol/status/1790413000618422621
GMCI 30 Index (Perpetual)
The GMCI 30 Index tracks the top 30 digital assets by market capitalization, providing a broad market overview and price exposure to the largest crypto assets.
Functionality: This index offers a diversified portfolio that represents the overall market performance of all 30 digital assets included in the index.
Composition: It includes the largest 30 digital assets, such as Bitcoin (BTC), Ethereum (ETH), and the other top cryptocurrencies by market capitalization.
Rebalancing: The index rebalances monthly to adjust for changes in market capitalization and maintain its structure.
GMCI MEME Index (Perpetual)
The GMCI MEME Index focuses on meme-based digital assets, capturing the market trends and sentiments within this distinct index category.
Functionality: This index is designed to track the performance of popular meme coins, reflecting the speculative and community-driven aspects of the crypto market.
Composition: It includes well-known meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and other emerging meme coins.
Rebalancing: The index rebalances monthly to account for the high volatility and rapid market changes characteristic of meme assets.
GMCI Indices on Vertex
Trading and Utilization
Access: Users can trade these indices directly on the Vertex app – benefiting from streamlined exposure to diversified asset classes.
Advantages: These index products reduce the complexity of managing multiple assets individually, offering a simplified yet effective investment approach.
Risk Management
Diversification: By including a wide range of assets, these indices help mitigate the risks associated with individual asset volatility.
Transparency: The indices follow a clear methodology, with regular updates and rebalancing to ensure alignment with market conditions.
For further details about the GMCI indices, visit GMCI.
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