Bitget Launches GMCI Meme Index on Its Futures Trading Platform
Cryptocurrency exchange Bitget has recently introduced the GMCI Meme index on its futures trading platform, featuring the top meme coins based on market capitalization.
In a press release issued on December 6, the company stated that the launch is a way to celebrate the “vivid humor and creativity” that are fundamental to the cryptocurrency culture.
The new index enables traders to access the rapidly evolving meme coin sector, which includes well-known tokens like Dogecoin (DOGE) and Shiba Inu (SHIB).
GMCI Meme Index Includes 25 Major Meme Coins
The GMCI Meme Index focuses on prominent meme coins recognized for their cultural significance and community engagement.
This index comprises 25 major meme coins, such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), along with emerging assets like Brett (BRETT), Mog (MOG), Popcat (POPCAT), and Dogs (DOGS).
With a year-to-date return increase of 460%, the index adheres to strict selection criteria, including active trading volumes and substantial market capitalization.
Monthly rebalancing is also implemented to ensure the index remains up-to-date with market trends.
“Creativity and community are thriving aspects of crypto culture, and meme coins perfectly embody this ethos,” stated Gracy Chen, CEO of Bitget.
“Through the GMCI Meme index, we aim to empower traders to engage in a market segment that embodies the lighter side of innovation while still providing intelligent solutions and investment opportunities.”
Bitget had previously introduced the GMCI 30 index to its futures market. This index features a curated selection of the top 30 cryptocurrencies, weighted by their circulating market cap, and takes into account exchange and custodian support, as well as liquidity levels.
To ensure a diverse index without any dominant asset, each constituent in the index has a maximum weight cap of 25%.
Bitget Launches $20 Million Fund to Boost Telegram Mini Apps
Bitget Wallet, a non-custodial cryptocurrency wallet supported by Bitget, recently announced a $20 million funding program in collaboration with crypto investment firm Foresight Ventures.
The initiative is aimed at enhancing Telegram’s Mini App ecosystem and providing opportunities for developers to innovate.
Telegram Mini Apps, including popular platforms like Notcoin and Hamster Kombat, played a crucial role in driving the growth of The Open Network (TON) blockchain in 2024.
The $20 million fund marks Bitget’s latest foray into the expanding TON ecosystem.
On June 25, Bitget Wallet launched a comprehensive support package for the TON network, with the objective of connecting decentralized applications within the TON ecosystem and strengthening Bitget’s presence in the rapidly evolving landscape.
In addition to the wallet launch, Bitget had previously introduced the Telegram Signal Bot to streamline direct trading signals across various trading communities, enhancing trading efficiency and convenience.