MXC will launch Grayscale Portfolio Index at 17:20 (UTC+8) on November 21, 2020. It is both available on MXC APP and website. The details are as follows:
Name: Grayscale Portfolio Index
Index Components: BTC, ETH, LTC, BCH, ETC, XRP, ZEC, XLM
Website: Homepage > ETF > Index trading
APP: Hompage > find "Index" in the middle
What is MXC index products?
MXC Index Product selects cryptocurrencies of good liquidity as underlying assets. The weightings of the underlying assets in the index product are based on the the proportion of their daily average trading volume in the last 30 days. As such, it can reflect the overall performance of the underlying asset class. Currently, MXC Index Product includes major cryptocurrency index, halving cryptocurrency index, public chain index and DeFi asset index, etc.
MXC Index Product belongs to open-ended fund. It rises/falls based on the underlying asset portfolios. Users can earn averaged profit of the asset class by buying/selling Index Product shares.
What are the advantages of MXC Index Products?
Risk spreading: MXC Index Product is a portfolio of different assets. Compared to trading a single cryptocurrency, the risk is much lower.
Energy saving: Investing index product is amount to investing all the underlying assets that the index tracks with, free you from the upset in finding the investable assets.
Learn more about MXC Index Product:
MXC Index Product is a kind of derivative regarding with digital assets. The net value tracks the rise/fall of the index. When the market experiences fierce fluctuation, please be cautious of the risks.
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Enjoying your trade on MXC.
The MXC team
November 21, 2020