Crypto Derivative Platform FTX Introduces Alternative to Short Alts

CoinDesk reports that new crypto derivatives platform FTX has launched one of the most abstract and strangely-named futures index fund in the cryptocurrency market. The index, dubbed Shitcoin Index Perpetual Futures or SHIT-PERP, is a 58 low market cap coins index. It is flanked by other low-cap indices ALT-PERP and MID-PERP and includes projects such…

CoinDesk reports that new crypto derivatives platform FTX has launched one of the most abstract and strangely-named futures index fund in the cryptocurrency market.

The index, dubbed Shitcoin Index Perpetual Futures or SHIT-PERP, is a 58 low market cap coins index. It is flanked by other low-cap indices ALT-PERP and MID-PERP and includes projects such as Grin, Nano, and Waves.

FTX’s Connection with Alameda Research

The derivative platform was opened in spring after an incubation program under Alameda Research began. The FTX derivatives platform operates an over the counter desk, indexes, and futures, as …

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Stellar(XLM), Tron(TRX), & Monero(XMR) Bounce Back

Leading into the weekend, the total cryptocurrency market cap is sitting at just over $326 billion USD. Various events this week have cause panic selling but the G20 summit brought some confidence back to investors. The leaders in the summit came to the overall conclusion that there was no immediate need to regulate cryptocurrencies at this time.…

Stellar(XLM)

Leading into the weekend, the total cryptocurrency market cap is sitting at just over $326 billion USD. Various events this week have cause panic selling but the G20 summit brought some confidence back to investors. The leaders in the summit came to the overall conclusion that there was no immediate need to regulate cryptocurrencies at this time.

This is the push the market needed, after the Google (NASDAQ:GOOGL) ICO advertising ban. Eventually, new cryptocurrency investors will gain thicker skin. To be fair, most of the new people that jumped into the cryptocurrency market towards the end …

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.