Blackmoon, a blockchain fintech company, announced this Wednesday that it has launched a new asset token – Binance ETx which is linked to the performance of the most-traded coins on .
Binance is the largest cryptocurrency exchange in the world. According to Blackmoon, the exchange-traded index by the company is the first offering of its kind in the crypto space, giving investors further opportunities for diversification.
The “Binance Most Traded” index is linked to the performance of the 20 coins with the largest trading volume on Binance. The index, which can be bought or sold on the Blackmoon platform, automatically tracks the trading volume of these coins and rebalances the portfolio of the underlying coins on a weekly basis.
The Binance Most Traded index joins the company’s six other cryptocurrency strategies, which can be accessed on the Blackmoon Platform. These strategies are managed by proprietary-designed algorithms. Each strategy offers investors different levels of risk and returns so investors can choose a strategy based on their investment goals.
The firm also offers other investment strategies for more traditional investments such as stocks (S&P 500, iShares MSCI and Xiaomi Corporation) and one hedge fund strategy – Prime Meridian.
Source: Blackmoon, Medium
Blackmoon continues to expand its reach and product offering
Earlier this month, that the company had taken its first steps into the United States market, with the firm allowing accredited US-based investors to participate in a private offering of its cryptocurrency strategies.
In addition, the firm recently . The move, which occurred in September, comes ahead of the anticipated approval of its Category 3 Investment Services Licence issued by the Malta Financial Services Authority (MFSA).
Blackmoon Launches New Asset Token Binance ETx
Published in Analysys
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