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Crypto Exchange FTX Launches Perpetual Futures Contracts on VanEck's MVIS Indices

The products trading under the tickers MVDA10 and MVDA25 will use CryptoCompare’s market data and give investors exposure to digital assets.

Updated Sep 14, 2021, 1:06 p.m. Published Jun 4, 2021, 1:19 p.m.

Crypto derivatives exchange FTX has launched two perpetual futures products licensed on VanEck’s subsidiary, MV Index Solutions GmbH (MVIS) Indices, with market data provided by CryptoCompare.

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In a joint announcement, MVIS and CryptoCompare said the two perpetual futures products, dubbed “MVIS CryptoCompare Digital Assets 10 Index” and “MVIS CryptoCompare Digital Assets 25 Index,” are market cap-weighted indices that track the performance of the 10 and 25 most liquid digital assets.
A perpetual contract is a type of futures contract but without an expiry date. The two products will trade under the tickers “MVDA10” and “MVDA25.” They will use CryptoCompare’s market data and give investors exposure to digital assets.
“This is one small step towards bridging the gap between crypto and traditional finance. Hopefully, there will be many more to come,” Sam Bankman-Fried, CEO of FTX said, in the announcement.
The MVDA10 and MVDA25 products will be calculated in U.S. dollars as a price index and be reviewed monthly.

VanEck CryptoCompare FTX perpetual contracts

Tanzeel Akhtar

Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.