China: FTX Launches Futures on Index of 8 Cryptos Amid Xi Blockchain Pump

Announced in a tweet by CEO Sam Bankman-Fried Tuesday the company, Dragon Perpetual Futures Index (Drgn-Perp) tracks a basket of coins including BTM, Iost, NEO, NULS, ONT, Qtum, TRX, and VET, based on a weighted average of prices each. FTX also offers exposure to a coin dealer in the form of futures contracts based on the index immortal.

blockchain and technology stocks China saw a huge surge in interest after comment Xi, prompting the government to urge investors to avoid speculative behavior. “China recently voiced support for blockchain industry, leading a group of cryptocurrencies developed there to skyrocket in price and driving intense user interest in projects cryptocurrency China,” said Bankman-Fried.

Timeline of Neo, Nuls, Qtum, Bytom, Ontology, Tron, Vechain