- CoinMarketCap will launch two complete headline indices, one together with bitcoin and the opposite with out.
- The 2 indices can be calculated and administered by Solactive, the German index supplier.
CoinMarketCap is all set to launch two cryptocurrency benchmark indices on NASDAQ GIDS, Bloomberg Terminals, Thomson Reuters Eikon (Refinitiv), and Börse Stuttgart. These benchmark indices will cowl the highest 200 cryptocurrencies by market capitalization. The primary index, named CMC Crypto 200 Index (CMC200) contains bitcoin and covers greater than 90% of the worldwide crypto market. The second index named CMC Crypto 200 ex BTC Index (CMC200EX), tracks the market’s efficiency with out the affect of bitcoin.
Brandon Chez, CEO of CoinMarketCap, stated:
“We’re excited to launch and share these indices with the market. These indices will promote better accessibility to cryptocurrency knowledge in an easier-to-digest format. In partnership with Solactive, our chosen index administrator, we hope these professionally-calculated indices will serve to develop the attain of cryptocurrencies into the bigger monetary markets.”
Solactive AG is an unbiased German index supplier which can calculate and administer the indices to exacting requirements. Fabian Colin, Head of Gross sales at Solactive AG, said his pleasure concerning the alternative:
“We’re very proud to be chosen as CMC’s index supplier of alternative on this thrilling journey. The flexibility to entry CoinMarketCap knowledge offers us the chance to develop customized indices for brand new shoppers. Conversations have already began. We’re wanting ahead to creating extra crypto indices sooner or later, which can optimistically end in investable indices and may result in additional merchandise.”
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