Introducing the most flexible CFD offering: Now on Wintermute NODE with support for GMCI indices

18 SEP 2024 | NEWS

We’re excited to introduce the latest update to our CFD offering, delivering even more flexibility, wider instrument coverage, and additional trading options to our counterparties.

Following a 19x growth in CFD volumes from March to June, this update fully integrates CFD trading to Wintermute NODE, our electronic OTC trading platform. The update also includes the introduction of GMCI indices as a tradable CFD instrument, new quote currencies, multicurrency collateral support, allowing you to use virtually any collateral to margin CFDs, and an updated UI.

Whether you’re an institutional investor or a crypto-native firm, this expansion is designed to enable you to make the most of the crypto market. Let’s take a look at what’s new and why these updates make our CFD offering the most flexible and complete in the space.

CFD trading now on Wintermute NODE

You can now trade CFDs directly on Wintermute NODE, our flagship electronic trading platform offering unparalleled access to OTC crypto trading. Wintermute NODE delivers the same top-tier experience you expect from our API, with the added convenience of an intuitive web interface. This update integrates all the key advantages of trading CFDs with Wintermute into NODE.

One of those advantages is the flexible funding schedules, allowing counterparties to tailor funding models to their needs. Whether you prefer a traditional daily funding model or the crypto standard of funding every eight hours, including weekends, Wintermute accommodates both, giving you the flexibility to align with your internal operations.

With coverage of over 350+ CFD pairs, any spot token we trade via API can now be traded as a CFD on NODE, giving you broad exposure across digital assets. Additionally, no automated liquidations means you maintain full control over your positions, allowing you to manage your strategies without interruptions. Zero fees, 99.9% uptime, and 24/7 trader coverage ensure reliable market access and support around the clock, whenever needed.

To further improve your trading experience, we’ve also updated NODE’s user interface, allowing you to view and manage multiple trade tickets on a single screen, making it easier to track multiple positions without switching views.

Say Hello to GMCI Indices

We’re now offering GMCI indices as tradable CFD instruments. The initial selection includes the GMCI 30 representing a selection of the top 30 cryptocurrencies by market capitalization, as well as thematic indices GMCI MEME, AI, L1, and L2, with more indices available for pricing on demand.

What makes GMCI indices unique is the methodology behind their construction. GMCI uses a thoughtfully curated selection of digital assets, considering the liquidity of the underlying tokens. This approach ensures the indices are well-suited for active traders, focusing on assets that can be traded efficiently, even in fast-moving markets. The transparent, rules-based methodology provides clear guidelines for when tokens are included or excluded from the index, offering full clarity on the selection criteria. The indices rebalance monthly, favoring well-performing tokens and removing underperformers more swiftly. By tracking the most relevant and dynamic sectors, GMCI indices offer an efficient way to diversify and stay aligned with the latest market trends, all within a single trade.

Truly multicurrency

Wintermute NODE now includes an expanded multi-currency collateral support. You can now use an extensive selection of assets to collateralize margin for CFD trading, whether it’s crypto, liquid staking tokens (LST), or fiat currencies.

This flexibility gives you more control over your capital, allowing you to post assets you’re already holding without unnecessary conversions. Additionally, using LSTs as collateral enables you to fully utilize your assets while improving trading efficiency, as your tokens remain staked and productive while serving as collateral. This also optimizes liquidity management, ensuring efficient use of capital across the various assets in your portfolio.

Another key update is the addition of non-USD-denominated quote currencies like BTC/JPY and BTC/EUR. This allows counterparties to manage funding operations in their preferred fiat currencies, making it more adaptable to the global needs of our counterparties.

A new standard for crypto CFD trading

We’re proud to say that Wintermute’s CFD offering is now the most comprehensive in the space. From GMCI indices to multi-currency collateral support, we’re giving you more ways to trade, more efficiently. As we continue to build out our derivatives offering, you can expect more updates to your trading experience with Wintermute.