Advertisement
AD

Main navigation

CoinMarketCap to Launch Its Cryptocurrency Indexes for 200 Coins on Bloomberg, NASDAQ Today

Advertisement
Wed, 20/03/2019 - 14:14
CoinMarketCap to Launch Its Cryptocurrency Indexes for 200 Coins on Bloomberg, NASDAQ Today
Cover image via U.Today
Read U.TODAY on
Google News
Contents
Advertisement

On Wednesday, March 20, the major crypto tracking website Coinmarketcap.com (CMC) in a blog post announced its intention to launch two crypto benchmark indexes. Among the platforms where it will start today are NASDAQ GIDS, Thomson Reuters, Bloomberg Terminals and a few others.

The indexes are meant to track the top 200 virtual coins by their market cap. One index will include Bitcoin. The other one will not work with BTC.

What the indices are for

CMC writes that the crypto benchmark indexes will allow investors to efficiently follow the overall performance of the digital currency market. The CMC Crypto 200 Index, which covers Bitcoin, will deal with the data of over 90 percent of the world’s crypto market.

The other index – CMC Crypto 200 ex BTC Index – does not include BTC. Its goal is to monitor the way the market performs without Bitcoin’s influence. At press time, Bitcoin dominates around half of the overall market cap.

CMC CEO Brandon Chez is happy about launching the new market indexes, saying that they should make global crypto market data much more accessible and will let cryptocurrencies go deeper into financial markets.

Related
#XRPArmy Attacks Twitter – Ripple Waiting to Sell 60% XRP When Price Skyrockets: Research

Solactive AG to manage the CMC indexes

Solactive AG, a Germany-based index provider, will be in charge of calculating and managing the CMC crypto indexes – CMC200 Index and CMC200EX Index.

Solactive currently administers more than 3,000 indices and is well-reputed in this area. It follows all necessary rules to do with IOSCO Principles for Financial Benchmarks.

In case some clients decide to get a license for these indexes for their private use, Solactive will offer them tailored solutions for these indices.

After the launch on the aforementioned platforms, the indices will be also displayed on the CMC website too.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

ElmonX Unveils ‘The Scream’ NFTs by Edvard Munch For The First Time Ever
World's First Bitcoin Layer 2 Conference to Unite East & West in Hong Kong, April 2024
Is Bitcoin Mining Legal? Regions in the World Where Mining Is Legally Permissible
Zircuit, New ZK-Rollup Focused on Security, Launches Staking Program
AI Analysis Launches The AIA Mastercard – The Future of Crypto-Fiat Transactions
VAP Group hosts the majestic Global Blockchain Show 2024 in Dubai
Digital Transformation Week Is Returning to Santa Clara This Summer
Arab Financial Services (AFS) Enter Strategic Alliance with Xpence to Innovate SME Financial Management in Bahrain
Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024
What To Expect from The Bitcoin Halving in April 2024
Testnet Launch for dWallet Network - Composable Modular Signature Network
ETH Denver Top Builders Base by Supermoon, Cointelegraph, NDC, Horizen, & Conflux
Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding
Chromia’s Flagship Game ‘My Neighbor Alice’ Unveils 2024 Roadmap
First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days
CoinList to Host the MASA Token Public Sale as it Unleashes the World’s Personal Data Network
Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event
Vitalik Buterin Comes to Taiwan as Keynote Speaker at ETHTaipei 2024
Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland
Bridging the Data Trust Gap: 2024 RegTech Confab Set to Unlock Africa’s Economic Potential
Our social media
There's a lot to see there, too

Popular articles