Bitgetthe world’s leading cryptocurrency exchange and Web3 company, announced the addition of indices GMCI to the futures market, allowing traders to securely access diversified assets. GMCI indices are selected based on strict criteria, providing a proven overview of the market. For a coin to be included in the GMCI indices, it must be actively traded on at least one of the eight major centralized exchanges (CEX) with sufficient trading volume.
In addition, each coin must be supported by at least one of three custodians, which guarantees the integrity and security of the assets. Indices focus on coins with transparent market capitalization in circulation. Market capitalization information is sourced from CoinMarketCap and CoinGecko, while current price data is provided by Coin Metrics, which also acts as an independent compiler for the GMCI indexes.
The GMCI 30 Index stands out because it includes the top 30 coins from the GMCI asset pool, excluding stablecoins, wrapped assets, and staking assets such as USDC, WBTC, and stETH. This index gives traders exposure to leading digital assets, reflecting the movements of the broader market, while providing diversification and reducing excessive concentration in a single asset.
“At Bitget, we prioritize the safety of our users while delivering innovative, world-class products. This is in line with our strategy to accelerate the adoption of cryptocurrencies in a secure ecosystem,” said Gracie Chen, CEO of Bitget. “By providing carefully selected assets backed by trusted custodians, we aim to give traders diversified tools for managing their money,” she added.
Rebalancing of indices occurs monthly, on the last Friday of the month, with adjustments based on the market capitalization of the coins. This process ensures that the indices are current and accurately reflect current market trends and price movements. While individual token positions are capped at 25% during rebalancing, they can change based on price movements, giving a dynamic view of market trends throughout the month.
The GMCI Meme Index responds to the growing interest in memecoins, a segment that has attracted significant attention and trading volume in the crypto community. This index includes the leading memecoins traded on selected exchanges, giving users the ability to safely follow trends in the field.
“Our collaboration with Bitget to launch the GMCI 30 Index Perpetual Contract is an important step towards expanding access to our index solutions to a wider audience. Bitget, as one of the leading crypto exchanges in terms of trading volume and innovation, shares our vision of providing reliable and modern products for traders. This is just the beginning of a further partnership where the GMCI indices will be used as a benchmark for innovative trading products on leading platforms,” said Maarten Botman, CEO of GMCI.
GMCI indices provide traders with access to various market segments, providing the reliability and transparency expected from traditional financial markets, while incorporating expertise in the crypto industry, similar to Bitget. Bitget users can now access GMCI indices, including memcoin indices, on the platform.