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The derivatives arm of digital asset exchange Gemini has launched a new suite of index perpetual contracts, powered by Kaiko, to offer traders a more diversified and efficient way to engage with the crypto market, according to an announcement on Tuesday.
The introduction of index perpetuals addresses a growing demand for diversified crypto trading strategies, enabling traders to capture broader market trends while minimizing risks tied to individual tokens. With crypto markets notoriously volatile, this product provides a streamlined way to hedge risk and manage exposure without holding multiple assets.
Kaiko, a provider of institutional-grade crypto data and indices, powers these index perpetuals with its indices, designed for high market representativeness and liquidity. The company's chief product officer, Karamvir Singh, expressed excitement about the collaboration, emphasizing the role of Kaiko's indices in enabling reliable diversification for traders.
"By supporting the launch of index perpetuals on their derivatives platform, we are proud to contribute to advancing innovation in the crypto markets," Singh said.
Index perpetuals are designed to simplify portfolio management by offering exposure to a basket of assets like Bitcoin (BTC), Ethereum (ETH), and others without the need to individually manage each asset. This product enables traders to reduce risk and gain exposure to broad market movements, while eliminating the complexity of holding and managing underlying assets.
Neil Sheppard, head of derivatives at Gemini, emphasized the value of this partnership, noting, “This partnership underscores our commitment to providing innovative and high-quality trading opportunities for our users. With Kaiko’s reliable and transparent indices, we’re elevating our derivatives platform and opening new avenues for traders to diversify their strategies.”
The addition of index perpetuals to Gemini’s platform reflects a broader trend of increasing sophistication in the digital asset derivatives market, as both retail and institutional investors seek more efficient tools to navigate the complexities of crypto trading.
