Brave New Coin, a self-described “digital asset data infrastructure company” has revealed the rollout of its DeFi index, which it has made available on BTSE, a “fast-growing, multi-currency spot and futures trading platform,” according to a press release from the group.
This will be the first of “five innovative perpetual swap derivative products to go live by the end of 2020,” the release notes.
The focus is on DeFi as it has been growing in trading volume for some time now.
Speaking on the matter is Jonathan Leong, the CEO of BTSE, who said:
“Our goal has always been to create innovative and convenient services for our growing client base. With the high demand of DeFi products, we were attracted to BNC’s DeFi index as it represents a strong methodology that offers longevity.”
Also sharing some thoughts is Fran Strajnar, the Co-Founder and Chairman of Brave New Coin, who said:
“When we signed our expanded partnership with BTSE three months ago, we knew the DeFi index that was in production would be the ‘first cab off the rank.’ The market demand for sophisticated and well-designed products giving exposure to this sub-sector is truly exponential. Our aim was to design a solid methodology with sufficient transparency to be replicated and understood, and better longevity than the current DeFi indices that were recently rushed to market by various conflicted exchange operators. We are very pleased and excited to see our DeFi index power perpetual swaps on BTSE and, as they aim to cater to institutional traders, we believe this product will be well received.”