Crypto Derivatives Platform launches ‘Shitcoin Futures Index’

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cles/360027668812-Index-Calculation">58 low cap coins</a> including some well-known project names like Waves, Grin, and Nano.</p><p id="66e3">The derivatives platform which opened its doors this last spring offers services like over-the-counter desk, futures, indexes, and now spot trading. The platform is a result of the incubation program run by <a href="https://www.alameda-research.com/">Alameda Research</a>, a quantitative trading firm that manages over $100 million in digital assets trading between$ 600 million and $1.5 billion per day. It also has the second-best performing account on BitMEX.</p><p id="3dbf">FTX’s association with Alameda gives it much of the liquidity and it operates other Index futures like <a href="https://ftx.com/trade/ALT-PERP">ALT-PERP</a> and <a href="https://ftx.com/trade/MID-PERP">MIDPERP</a> as well — where the former is an index of the major Alt. coins (BCH, BNB, BSV, EOS, ETH, LEO, LTC, TRX, and XRP) and the latter is a futures index of mid-cap coins like ADA, NEO, ONT, DOGE, and BTT. Indexes like these generally provide exposure to a broader market, if you prefer that investment style rather than going for individual instruments.</p><p id="1148">The SHIT-PERP index can be used to hedge against your positions in the general Alt. coin market. It can also be utilized to short low cap Alt. coin market. At the time of publishing the index was down -0.81% on the day, while BTC was up +0.94% h

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overing around $11,000 with an ever-increasing market dominance of 66.9%.</p><h2 id="d88f">Email 📭| Twitter📜 | LinkedIn 📑| StockTwits 📉 | Telegram 🔗</h2><div id="1938" class="link-block"> <a href="https://readmedium.com/facebook-developing-a-brain-computer-interface-bci-2a73d84ee3d9"> <div> <div> <h2>Facebook developing a Brain-Computer Interface (BCI)</h2> <div><h3>A new device for hands-free communication</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/1*3Q-_4VvtEULPQMpPu5DduQ.png)"></div> </div> </div> </a> </div><div id="f810" class="link-block"> <a href="https://readmedium.com/crypto-trading-exchanges-review-q2-2019-198c1f7007a7"> <div> <div> <h2>Crypto Trading & Exchanges Review Q2’ 2019</h2> <div><h3>5 Charts showing the state of Crypto trading & Exchanges in the second quarter</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*BflGpcMNTNwNSSzL.jpg)"></div> </div> </div> </a> </div></article></body>

You can now short the broader market of low-cap Alt. Coins

While the general sentiment in the Crypto market remaining bullish with the resilient bounce of Bitcoin from the $9,000 support level, there are ways to short the digital assets like any other financial instrument. A popular example of shorting an individual coin in the current crypto market is selling a futures contract for Bitcoin. However, this capability is not available for all the coins. There are certain indexes that you can use to sell (short) or buy a basket of digital currencies for that matter.

Before I go any further, would like to point out this piece is not intended for any sort of investment advice and is for educational purposes only. As always conduct your own due diligence before investing in any asset class.

Crypto Derivatives Platform FTX has recently introduced a futures index fund by an odd-name of Shitcoin Index Perpetual Futures with a ticker symbol SHIT-PERP. The index consists of 58 low cap coins including some well-known project names like Waves, Grin, and Nano.

The derivatives platform which opened its doors this last spring offers services like over-the-counter desk, futures, indexes, and now spot trading. The platform is a result of the incubation program run by Alameda Research, a quantitative trading firm that manages over $100 million in digital assets trading between $600 million and $1.5 billion per day. It also has the second-best performing account on BitMEX.

FTX’s association with Alameda gives it much of the liquidity and it operates other Index futures like ALT-PERP and MIDPERP as well — where the former is an index of the major Alt. coins (BCH, BNB, BSV, EOS, ETH, LEO, LTC, TRX, and XRP) and the latter is a futures index of mid-cap coins like ADA, NEO, ONT, DOGE, and BTT. Indexes like these generally provide exposure to a broader market, if you prefer that investment style rather than going for individual instruments.

The SHIT-PERP index can be used to hedge against your positions in the general Alt. coin market. It can also be utilized to short low cap Alt. coin market. At the time of publishing the index was down -0.81% on the day, while BTC was up +0.94% hovering around $11,000 with an ever-increasing market dominance of 66.9%.