Crypto Exchange Launches ‘Shitcoin Futures Index,’ Offering New Way to Short Alts
A crypto exchange has bundled altcoins into a one-of-a-kind futures index
The value of assets for all stablecoins surpassed $10 billion as more cryptocurrency traders prefer alternative cryptocurrencies using dollar-backed digital tokens instead of bitcoin, according to Coin Metrics data.
Bitcoin and Bitcoin SV are the only cryptocurrencies within the top 10 to have jumped back above their long-term moving averages.
FTX has launched eight unique index futures and volatility markets in less than 12 months. But few traders use these markets.
Nearly all top 10 alternative cryptocurrencies have hit their respective 6-month lows after bitcoin's rapid price slide on Tuesday.
Launching in January of this year, beam is one of two first implementations of the Mimblewimble privacy protocol