Trading cryptocurrency indices by StormGain
Trade multiple cryptocurrencies at once to reduce volatility risks, diversify your portfolio and save on commissions.
What is a crypto index?
Crypto indices FAQ
What is a cryptocurrency index?
A cryptocurrency index consists of a grouping of different crypto coins. StormGain offers 3 and 5 crypto index currencies in one ‘basket’. The most popular are Bitcoin, Ethereum, Ripple and Litecoin, among others. These indices offer you a great way to diversify your crypto portfolio without increasing your risk exposure. This decreases volatility and makes managing a group of cryptocurrencies more predictable compared to individual assets.
What do I need to get started?
You only need to have a StormGain account to start. When you enter the index section, select the crypto index you want to buy (you can choose from indices with 3 or 5 cryptocurrencies), and you’re ready to trade.
How is the price of an index calculated?
The price of each of our indices is calculated based on the ratio of all assets it contains.
How to trade a cryptocurrency index
This well-conceived index accurately reflects the dynamics of the largest, most-traded digital tokens in the world. It’s optimised to satisfy the most demanding traders and investors and allow them to execute efficiently. The index has high liquidity, increased volatility and protracted trends, making it attractive to both investors and traders.
What are the key advantages of trading a crypto index?
The advantages of trading indices are:
- Buying cryptocurrency leaders in a couple of clicks
- No need to analyse and buy each coin separately
- Great for beginners: you’re investing in the market — the best approach to minimising risks
- Unlike investing in one or two coins, the index is likely to stay on the plus side, even if the price of some coins falls