TL;DR
- WOO X, in partnership with Wintermute and GMCI, has launched three types of perpetual index contracts: GMCI 30 (GM30-PERP), GMCI Meme (MEMES-PERP), and GMCI L2 (L2-PERP). These contracts are linked to L2 tokens, memecoins, and the top 30 cryptocurrencies.
- Each contract has a specific theme. The GMCI 30 index includes the 30 leading cryptocurrencies based on market capitalization, the GMCI Meme index is focused on trendy meme tokens, and the GMCI L2 index tracks the top Layer 2 scaling solutions.
- Wintermute’s experience in algorithmic and high-frequency trading will be used to offer strong liquidity for the GMCI 30 Index Perpetual Contracts, ensuring the market access’s reliability and stability.
Crypto trading platform WOO X has announced a strategic partnership with Wintermute and GMCI to launch three types of perpetual index contracts linked to L2 tokens, memecoins, and the top 30 cryptocurrencies. The new index perpetual contracts track the overall performance of three key segments.
The products they offer are linked to a group of assets, giving traders the ability to make predictions about the performance of a specific sector in the market rather than focusing on individual cryptocurrencies. After teaming up with market maker Wintermute and indices provider GMCI, WOO X introduced three index perpetual contracts: GMCI 30 (GM30-PERP), GMCI Meme (MEMES-PERP), and GMCI L2 (L2-PERP).
Every contract has a specific theme. The GMCI 30 index, which is the main index of GMCI, includes the 30 leading cryptocurrencies from all sectors based on market capitalization. The GMCI Meme index is focused on meme tokens that are trendy. Lastly, the GMCI L2 index tracks the top Layer 2 scaling solutions.
WOO X Introduces GMCI 30, GMCI Meme, and GMCI L2 Index Perpetual Contracts
It allows traders to get exposure to a range of L2s while minimizing individual token volatility. WOO X COO Willy Chuang underscored the launch’s importance, noting that introducing index perpetual contracts goes beyond offering new trading instruments.
“It’s about enriching the trading ecosystem with diversified, strategic products for our users. Our collaboration with Wintermute and GMCI is a testament to our dedication to pushing the boundaries of what’s possible in the crypto market,” Chuang said in a statement.
Wintermute’s vast experience in algorithmic and high-frequency trading will be used to offer strong liquidity for the GMCI 30 Index Perpetual Contracts, as well as guarantee the market access’s reliability and stability.
WOO X has launched three index perpetual contracts in partnership with market maker Wintermute and indices provider GMCI. Wintermute, a market maker, and GMCI, an indexing specialist, are supporting the new products. The introduction of these indices products will be followed by the addition of a copy trading feature soon.
