A "Shitcoin Futures Index" launches on new derivatives platform FTX, offering a new way to short alts
FTX, a new crypto derivatives platform, introduced perhaps the most speculative and oddly-named futures index fund on the market, reports CoinDesk. SHIT-PERP or the Shitcoin Index Perpetual Futures is an index of 58 low market cap coins including Waves, Grin, and Nano. It is flanked two other low-cap indexes on the site, MID-PERP and ALT-PERP. Speaking to CoinDesk, FTX Chief Marking Office Darren Wong said the index allows traders and investors to interact with coins in an innovative way.
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