Nonco Partners with CoinDesk Indices for Digital Asset Innovation

Nonco's Partnership with CoinDesk Indices

Nonco, a leading institutional crypto trading firm, has entered into a collaboration with CoinDesk Indices to enhance access to spot and derivatives execution on the CoinDesk 20 Index. This partnership is aimed at serving institutions in Latin America and reflects the increasing demand for more varied cryptocurrency portfolio options.

The CoinDesk 20 Index Overview

The CoinDesk 20 Index, launched in early 2024, caters to the growing needs of institutional investors looking for diversification beyond traditional bitcoin ETFs. It is a comprehensive index that tracks the performance of various top digital assets, utilizing a capped market capitalization weighted approach that aids in diversification.

Services Offered by Nonco

Through this partnership, Nonco will offer an array of liquidity provisions to counterparts, capitalizing on the CoinDesk 20 Index. This includes:

Direct Spot Access

By providing direct access to the CoinDesk 20 Index, Nonco allows institutional investors to gain spot exposure across a diversified basket of significant digital assets.

Diverse Derivatives Options

Nonco is set to facilitate liquidity through various derivative products such as swaps, contracts for difference (CFDs), and perpetual futures. These options enable investors to implement tailored strategies according to their market perspectives and risk tolerance.

Custom Products Catering to Unique Needs

Nonco also specializes in bespoke products, custom-designed to meet the specific requirements of institutional clients. This service offers flexibility in structuring trades over different time frames, currencies, and risk profiles.

Enhanced Market Exposure and Portfolio Management

This comprehensive range of services allows counterparts to manage their market exposure effectively while enhancing overall portfolio performance based on the CoinDesk 20 Index and its constituents.

Industry Insight from Nonco

Guilherme Rebane, Partner and Head of Brazil at Nonco, commented, "Indices serve crucial roles in the financial industry, providing benchmarks and references for investment products. They play a pivotal role in simplifying allocation decisions for investors and are invaluable as the digital assets market continues to grow. The CoinDesk 20 Index complements the market well, enabling managers to align their products with a knowledge-driven entity. We're committed to developing services linked to this index that bring value to stakeholders."

Background on Nonco

Nonco, founded by industry veterans, focuses on serving institutional counterparties in the digital asset trading space. They combine leading technological solutions, innovation, and exceptional customer service to prioritize client needs. Nonco influences 40% of the BTC and ETH ETF US volume, and 80% of the trading volume in Hong Kong, showcasing their significant market presence.

Comments by CoinDesk Indices

Alan Campbell, President of CoinDesk Indices, stated, "The CoinDesk 20 Index was created to address the rising demand from institutional investors for benchmarks in the digital asset sector. We are excited that Nonco has expanded access to various investment vehicles for institutions, promoting diversified exposure beyond just bitcoin or ether."

Recent Market Developments

Since the CoinDesk 20 Index's introduction, Bullish, a leading regulated digital asset exchange, has also launched a perpetual futures contract based on the index. This introduction has generated substantial institutional interest, reporting a trading volume of approximately $7.5 billion since its launch.

Learn More About Nonco

To discover more about Nonco's services and expertise in digital assets, their website provides a wealth of information about their approach and offerings.

About Nonco

Nonco stands out as an institutional crypto trading firm, with a decade of experience in digital asset trading. Their unique, risk-mitigating strategies employ clearing, bilateral, and smart contract settlement capabilities to enhance efficiency and security in market transactions. Their specialties encompass stablecoins, altcoin execution, and high-frequency trading strategies.

About CoinDesk Indices

Since its inception in 2014, CoinDesk Indices has played a vital role in the digital asset ecosystem. As a subsidiary of Bullish, CoinDesk Indices offers precision and compliance in its products, which are critical for measuring and trading in the digital asset space. Their flagship indices, including the CoinDesk Bitcoin Price Index and the CoinDesk 20 Index, are pivotal benchmarks utilized by investors globally.

Frequently Asked Questions

What is the CoinDesk 20 Index?

The CoinDesk 20 Index tracks the performance of the top digital assets using a weighted market capitalization methodology.

What services does Nonco provide?

Nonco offers trading solutions, including direct access to digital asset indices, liquidity for derivatives, and custom products tailored to institutional needs.

How does Nonco support portfolio management?

By leveraging the CoinDesk 20 Index, Nonco enables effective market exposure management, enhancing overall investment performance.

Who are the key figures at Nonco?

Guilherme Rebane serves as Partner and Head of Brazil, bringing considerable expertise to the team.

What recent developments have occurred with the CoinDesk 20?

Following its launch, the CoinDesk 20 Index saw the introduction of a new perpetual futures contract by Bullish, attracting significant trading interest.

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