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 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,…

Grayscale Moves Clients’ Crypto to Coinbase Custody, Paves Way for Big Investors

Grayscale Investments, which at last check boasts approximately $2.7 billion in assets under management, is putting its money where its mouth is, so to speak. The crypto investment firm is poised to move “the assets for each of its products” to Coinbase Custody, the independent custodial arm of the U.S.-based crypto exchange, today. In doing […] The post Grayscale Moves Clients’ Crypto to Coinbase Custody, Paves Way for Big Investors appeared first on CCN Markets Source link