The trading entity of the Singaporean derivatives of Wintermute of Crypto Wintermute in Asia introduced a difference contract (CFD) linked to the GMCI USA Select index, allowing traders to adapt quickly to the evolution of market accounts, In particular concerning the potential establishment of a reserve of strategic digital Assils.
The index follows the performance of the best crypto projects with a legal entity based in the United States according to their supply in circulation.
The XRP cryptocurrency focused on payments, the soil and solana dogo has the highest weight of the index, which also includes Ada, Avx, Link, Uni, Hbar, near, LTC and Apt. The index increased by more than 160% since Donald Trump’s victory in the American presidential election in early November.
The composition of the index is such that it provides a reference to assess the investment mix and the strategies focused on American protocols. The CFD offered by Wintermute facilitates the task, allowing long traders (buy) or short (sell) the index and to take advantage of the increase and the decline in assessments without having the voters of the index. The negotiated CFDs are very popular on the currency and raw materials markets.
“This is the first of a new series of baskets of narrative clues that allow traders to negotiate themselves quickly and get out of stories and turn into new ones without the hassle of buying and selling all the coins “Said Wintermute in the announcement.
The beginnings of the CFD take place in the continuous hope that President Trump will hold his campaign promise to create a national digital asset reserve. While most consider the BTC as an ideal candidate for the reserve, others, including the CEO of Ripple, Brad Garlinghouse, called for a more diverse approach which includes several tokens.
“Discussions on a potential for stocks of US national digital assets have led to price movements in tokens focused on the United States. GMUSA gives traders a structured exposure to this theme with a basket of better parts rooted in the States- UNIS, including XRP, SOL, DOGE, ADA, AVAX, LINK, SUI, XLM, HBAR, UNI, LTC, near and Apt, “said Wintermute.
The market manufacturer added that he planned to launch more narrative clues, offering participants in the market new ways of expressing views, roofing positions and capturing momentum while bypassing the challenges associated with the negotiation of each asset individually.
