BTSE and Brave New Coin Launch Institutional-Grade Index and Index Futures

Today, we’re very happy to announce we’re joining hands with Brave New Coin to initiate the BNC-BTSE Composite Index (BBCX). This index will track the real-time market performance of BTC, ETH, and LTC. It's one of the first in the industry to track a basket of crypto assets across a number of pricing sources at sub-second frequency.

Brave New Coin is a leading research and data company and has gained its spot in the cryptocurrency industry for its resolute pursuit of transparency and accuracy in data documentation and analysis. As such, we are very happy to be collaborating with Brave New Coin to further promote the healthy growth of the industry by enabling an educated approach to the cryptocurrency market.

The BBCX index will track the performance of a basket of large cap cryptocurrencies by free float market capitalization based on order book data sourced from five constituent exchanges; Bitstamp, Bitfinex, Kraken, Coinbase-Pro, and BTSE.

Based on the BNC-BTSE index, BTSE is launching a new futures product - you can now trade BNC-BTSE Composite Index futures on BTSE.com. Index futures allow you to gain exposure to a variety of underlying constituents; you can use this property to, for example, conveniently hedge against your portfolio.

The brand-new BBCX index futures can be traded just like the other offerings on our exchange - so you can simply hop onto BTSE.com and give them a try!

And if you're up for the challenge...

To celebrate this partnership and spectacular launch, we are hosting our first ever full-fledged trading competition on BTSE.com! And you won't want to miss the total prize pool of 16 BTC++:

There will be two leaderboards for the trading competition. The first board is ranked by dollar PnL, the second board is ranked by percentage PnL. The winners on each board will split the total prize pool for each winner tier.

The Highest PnL:

1st Place: 5 BTC

2nd Place: 2.5 BTC

3rd Place: 0.5 BTC

4th: $500 Trading Capital

5th: $500 Trading Capital

The Highest Percentage PnL: 1st Place: 5 BTC

2nd Place: 2.5 BTC

3rd Place: 0.5 BTC

4th: $500 Trading Capital

5th: $500 Trading Capital

Registration starts today - signing up is free and as easy as hopping over to the leaderboard page and registering.

For more information on how to join the competition, click here.

Happy Trading!

Our aim is to create a platform that offers you the most enjoyable trading experience. If you have questions or suggestions, please don’t hesitate to reach out to us at feedback@btse.com or DM us on Twitter: @BTSEcom.


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