Regulated Hybrid Broker Global GT has released the GTi12 Index, an index that is comprised of 12 CFD Cryptos in 1.
The research and development team of Global GT combined their extensive knowledge to create the GTi12 Index, a totally new asset class and instrument that is now available for trading for Global GT clients.
The GTi12 Index has gained traction rapidly, since the ability to trade 12 CFD Cryptos in 1 index that is available exclusively on the Global GT MT5 platform (8 asset classes are available in total), has captured the interest of FX, CFD, Crypto / altcoin traders.
The real time pricing data of each constituent derives from Global GT’s sophisticated liquidity aggregation engine. Unlike more traditional indices that are price-weighted taking into consideration a simpler arithmetic method for tracking price movements, the GTi12 Index is formed based on a geometric calculation method, that reflects both exponential and varying growths of cryptos over a defined period of time. The same is applied for all selected cryptos, whereby all 12 cryptocurrencies have an equal share and impact on the price of the Index.
The current GTi12 Index is composed of the BTC, ETH, XRP, LTC, BCH, BSV, XLM, EOS, DOT, BNB, TRX, and ADA. The Index is reviewed quarterly whereby the cryptos to be selected will depend on their market cap, ranking, liquidity and other factors, as determined by the technical experts of Global GT.
The GTi12 Index can be traded with low spreads and a leverage of up to 1:100 in Standard and ECN accounts. Standard account holders are eligible of receiving various Deposit Bonuses based on their consecutive transfer-ins, where they may earn up to US $6,600 in trading credits.
Clients of Global GT also have the advantage to deposit and withdraw in both Fiat and Cryptos, with zero transaction fees.
Global GT does not accept residents of certain jurisdictions such as United States of America, Canada, EU countries, Iran, North Korea, and Belize.
Risk Disclaimer: CFDs are complex instruments and carry a high level of risk of losing money rapidly due to leverage.
Source: https://www.cryptocompare.com/email-updates/daily/2021/aug/19/
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