Crypto Market Maker of Wintermute of the commercial entity of Derivatives of Wintermute, Wintermute Asia, has introduced a difference contract (CFD) linked to the GMCI USA select index, which allows merchants to quickly adapt quickly to evolving market narratives, especially in Relationship with the potential establishment of a strategic digital asset reserve.
The index tracks the performance of the main cryptographic projects with a legal entity based on the USA. According to its circulating supply.
The XRP cryptocurrency centered on payments, Sol de Solana and Memecoin Doge have the greatest weight in the index, which also includes Ada, Avax, Link, Uni, Hbar, Near, LTC and APT. The index has increased more than 160% since the victory of Donald Trump in the presidential elections of the United States in early November.
The composition of the index is such that it provides a reference point to evaluate the combination of investments and strategies focused on US protocols. The CFD offered by Wintermute makes it even easier, which allows long merchants (buy) or brief (sell) the index and profits of increasing and descending assessments without having the index components. CFD trade is quite popular in currency and basic products markets.
“This is the first of a new series of narrative index baskets that allow merchants quickly exchange and get out of narratives and turn to new ones without the discomfort of buying and selling all component coins,” Wintermute said in the announcement .
CFD’s debut occurs in the middle of the hopes that President Trump is up to his campaign promise to create a national reserve of digital assets. While most see BTC as an ideal candidate for reserve, others, including Ripple CEO, Brad Garlinghouse, have requested a more diversified approach that includes several tokens.
“Discussions on a possible reserve of national digital assets of the United States have promoted price movements in the United States to the tokens. Gmusa offers merchants a structured exposure to this issue with a basket of higher currencies rooted in the USA, including XRP, Sun, Doge, Ada, Avax, Link, Sui, XLM, Hbar, Uni, LTC, Near and APT, “Wintermute said.
The market manufacturer added that it plans to launch more narrative indices, providing market participants with new ways of expressing opinions, coverage positions and capturing the impulse while avoiding the challenges associated with the trade of each asset individually.
