BitMEX, the popular crypto derivatives trading platform, today announced the launch of the BitMEX ALTMEX Basket Index (.BALTMEX) and the BitMEX DEFIMEX Basket Index (.BDEFIMEX), which track the performance of the top ten cryptocurrencies in the altcoin and DeFi markets, respectively.

With this launch, BitMEX has also introduced the ALTMEXUSD and DEFIMEXUSD Quanto Perpetual Swaps – derivatives contracts invented by BitMEX to gain exposure to these two sets of coins.

“The establishment of these basket indices is an unmistakable sign of the continued evolution of crypto as an asset class,” said Alex Höptner, CEO of 100x Group, the holding structure behind BitMEX. “The cryptocurrency market demands an advanced, secure, and highly liquid trading platform like ours on which to trade. The BitMEX ALTMEXUSD and DEFIMEXUSD derivatives products are the first in the industry to be available on a 24/7 crypto derivatives platform with a fully verified user base, which will appeal to traders in an environment where compliance and security are increasingly top-of-mind.”

Cryptocurrencies represented in each basket are as follows:

The BitMEX ALTMEX Basket Index (.BALTMEX):

Constituent

Index Multiplier

Market Cap Share

BNB

0.07078653

20.00%

ADA

14.89815288

20.00%

DOGE

65.55702677

15.01%

XRP

23.21700023

14.87%

DOT

0.48176854

7.10%

UNI

0.29550574

5.68%

BCH

0.00940295

4.61%

LTC

0.03359651

4.48%

SOL

0.13713494

4.36%

LINK

0.2198593

3.89%

The BitMEX DEFIMEX Basket Index (.BDEFIMEX):

Constituent

Index Multiplier

Market Cap Share

UNI

0.9859852

20.00%

LINK

1.07263338

20.00%

AAVE

0.04467642

12.13%

MKR

0.00340582

9.40%

LUNA

1.45538761

8.39%

COMP

0.01853168

8.11%

AVAX

0.59972503

7.26%

GRT

10.07942781

7.18%

YFI

0.00010012

4.14%

SUSHI

0.44255636

3.39%

Trading started at 04:00 UTC on July 20th, 2021.

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