During the existing bear market, users are not sure about the future. NFT index contracts released by Jpex Crypto Platform supply an option.
NFTs promote blockchain innovation
Although NFTs triggered the last bull run, the cryptocurrency market is still in abear market The cost of mainstream cryptocurrencies such as Bitcoin (BTC) and Ether (ETH) have actually reduced more than 70% from their historic peaks, and altcoins and NFTs are no exception.
According to Red Hare NFT Index information analysis, NFTs have actually reduced more than 79.3% in the previous 60 days.
source ： jp-ex. io
NFT index contracts promote market advancement
The agreement market supports two-way trading compared to find markets– i.e., traders purchase matching contracts whether costs increase or fall. Contract markets supply much better trading chances, with yields in both bull and bear markets.
source ： jp-ex. io
Jpex has actually partnered with Red Hare and released NFT index contracts with Bored Ape Yacht Club and Mutant Ape Yacht Club on June 11 for users to purchase or short-sell.
What is Red Hare NFT Index?
Red Hare NFT Index tracks NFT jobs and aggregates trading information on-chain.
NFT index contracts are the only hedging tool offered to existing NFT holders; users can benefit whether purchasing or short-selling. NFT index contracts support approximately 40-times the typical take advantage of– i.e., when costs plunge, NFT holders can benefit by short-selling.
With NFT index contracts, users can hedge their danger and have the limit of NFT trading reduced.
Jpex’s Crypto Punks index agreement
Jpex released NFT index contracts on Crypto Punks and Red Hare NFT on June 24, offering a reputable hedging tool.
Jpex has actually acquired monetary licenses from the Lithuanian Financial Crime Investigation Service, United States Money Services Business (MSB) and National Futures Association, Canadian MSB and Australian Securities and Investments Commission.
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