Crypto Exchange FTX Launches Perpetual Futures Contracts on VanEck's MVIS Indices

The products trading under the tickers MVDA10 and MVDA25 will use CryptoCompare’s market data and give investors exposure to digital assets.

Jun 4, 2021 at 1:19 p.m. UTC
Updated Sep 14, 2021 at 1:06 p.m. UTC

Crypto derivatives exchange FTX has launched two perpetual futures products licensed on VanEck’s subsidiary, MV Index Solutions GmbH (MVIS) Indices, with market data provided by CryptoCompare.

  • In a joint announcement, MVIS and CryptoCompare said the two perpetual futures products, dubbed “MVIS CryptoCompare Digital Assets 10 Index” and “MVIS CryptoCompare Digital Assets 25 Index,” are market cap-weighted indices that track the performance of the 10 and 25 most liquid digital assets.
  • A perpetual contract is a type of futures contract but without an expiry date. The two products will trade under the tickers “MVDA10” and “MVDA25.” They will use CryptoCompare’s market data and give investors exposure to digital assets.
  • “This is one small step towards bridging the gap between crypto and traditional finance. Hopefully, there will be many more to come,” Sam Bankman-Fried, CEO of FTX said, in the announcement. 
  • The MVDA10 and MVDA25 products will be calculated in U.S. dollars as a price index and be reviewed monthly.
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
Justin Sun Still Thinks Algorithmic Stablecoins Are a Good Idea

The crypto mogul also said LUNA and UST might make good "meme coins," he said on CoinDesk TV’s “First Mover.”

The crypto mogul also said LUNA and UST might make good "meme coins," he said on CoinDesk TV’s “First Mover.”

CoinDesk - Unknown
2
CoinDesk - Unknown
Former BitMEX CEO Arthur Hayes Sentenced to 2 Years Probation

Hayes pleaded guilty to one count of violating the Bank Secrecy Act (BSA) in February, and faced a sentence of up to 12 months in prison.

Hayes pleaded guilty to one count of violating the Bank Secrecy Act (BSA) in February, and faced a sentence of up to 12 months in prison.

CoinDesk - Unknown
3
CoinDesk - Unknown
Market Wrap: Cryptos Decline Amid Choppy Trading, DeFi Tokens Underperform

Aversion to risk remains as volatility returns to stocks and cryptos.

Aversion to risk remains as volatility returns to stocks and cryptos.

CoinDesk - Unknown
4
CoinDesk - Unknown
Travis Kling on Why a Decentralized Web 3 Is Worth Fighting For

Plus more about Ikigai's new Web 3 venture fund.

Plus more about Ikigai's new Web 3 venture fund.

CoinDesk - Unknown