XT.COM Exchange Launched the Most Comprehensive Index Product with $10,000 Prize Pool
Victoria Mahe, Seychelles, 26th January, 2022, Chainwire
To meet the growing interests in the Crypto market and the rising demand for related hedging tools, XT.com exchange recently launched a series of index products which can be considered as the most comprehensive in the field. XT.com has specially set up a reward pool of $10,000 prize pool, looking for the best traders! All users who are interested in ETF trading are welcome to experience it.
With the development of financial innovation and investment globalization, and with the emergence of stock index futures and options, is it now more and more possible to be able to invest in indices. Empirical studies have shown that indices and derivative products can reduce the market trade cost and improve liquidity of the constituent stocks. So definitively index products play an important role in the financial market.
Traditional mutual funds have offered many advantages over building a portfolio. Mutual funds provide investors broad diversification, professional management, relative low cost, and daily liquidity. ETFs take the benefits of mutual fund investing to the next level.
What is XT ETF Index Product?
At present, among the mainstream exchanges, only FTX has such products. In order to meet the needs of our platform users and comply with market development, XT will become the crypto-trading platform with the most comprehensive and innovative set of index products in the blockchain field right after FTX.
XT index product supports customers real-time index buys and sells, thus selects cryptocurrencies of good liquidity as underlying assets. The weightings of the underlying assets in the index product are based on the proportion of their daily average trading volume in the last 30 days. As such, it can reflect the overall performance of the underlying asset class. Currently XT.com includes multiple major cryptocurrency indices that include L2’s, Defi, NFts, etc. and following up there will be the top10, Top30, Top50, Top100 indices as well, as to help investors more effectively track the market and realize the benefits.
Breakdown of the XT Index Product:
To ensure XT.com Index Product represents the crypto asset class comprehensively, XT.com takes the underlying assets’ market cap, trading volume, liquidity, fluctuation, stability, risks and market assessment into consideration to select the most representative cryptos as the samples for index Products.
To ensure XT.com Index is investable, XT.com will verify the weighting of the samples in the index in every regulated period. It will remove or adjust the sample’s weighting based on its market capitalization (The impact of removing samples of small market value on the index price is negligible.)
XT’s index product will be the most complete index token on the Crypto network, including at the moment: Cex Index, Dex Index, Cbit Index, Grayscale Index, Web3 Index, L2 Index, A16z Index, Memes Index，Gamefi Index, Meta Index, Defi Index and Nft Index. Users can easily enjoy the benefits of the sector in the market where sectors rotate.
XT.com Index Product belongs to an open-ended fund. It rises/falls based on the underlying asset portfolios. Users can earn average profit of the asset class by buying/selling Index Product shares just as simple as spot trading.
5.Social and Inclusive
XT.com is the first infused exchange that allows trading directly from messenger accounts like Btok, and now goes a step forward to offer inclusive crypto ETFs that will reduce risks and likely improve the profitability of our users.
Be a Gold Class Trader to win a share of $10,000
XT.com is extremely excited to announce there will be some great Index projects coming to our trading platform. Particularly, in order to further meet the needs of users for ETF index products, XT launched a new two-week event of ETF index products trading event with a $10,000 prize pool .
XT.COM Exchange established in 2018, in Seychelles, with its operational headquarters in Singapore, is the world’s first social infused digital asset trading platform. The platform has rich trading varieties such as coin transactions, leveraged transactions, OTC transactions, and credit card buying coins.
It has operating centers in many countries and regions such as Tokyo, Singapore, Seoul and South Korea. Its business scope covers the world. Currently, XT.COM ranks TOP 40 on CoinMarketCap and has introduced more than 300 digital assets, including mainstream coins, popular DeFi, NFT, Metaverse, all of which can be visited on XT.COM.