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FTX Exchange Announces Rebalancing DeFi, Exchange, Alt and Mid indexes

Emily Mason

Summary: Cryptocurrency exchange FTX will be rebalancing its index, according to a recent announcement. The changes are expected to be in effect starting on October 21. The new DeFi index will feature market cap weighting with a 10% cap for a single token. For each coin each element is weighted equally. The new exchange token index ...

Cryptocurrency exchange FTX will be rebalancing its index, according to a recent announcement.

The changes are expected to be in effect starting on October 21. The new DeFi index will feature market cap weighting with a 10% cap for a single token. For each coin each element is weighted equally. The new exchange token index will include FTT, BNB, HT, OKB and LEO weighing each 20%. ALT and MID indexes are also getting updates.

Founder and CEO of FTX, Sam Bankman-Fried, highlighted several aspects of the index rebalancing. ETC futures will be delisted due to the instability of the network which makes finding a consistent index difficult. 

By Emily Mason

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