Bitmain Launches Index For Investors Based On 17 Crypto Assets
Bitmain, the Chinese manufacturer of crypto mining devices, has launched an index to track the data of the 17 most liquid digital assets, as follows from the official website BTC.com.
Both institutional and individual investors can benefit from the new index. The Bitmain product is expressed in US dollars and allows to monitor the dynamics of the most liquid assets of the crypto market in real time.
Bitmain selected trading platforms that will provide data for the index based on several criteria: the reputation of a crypto exchange, price transparency, the level of regulatory compliance, trading volume, and stability. Currently, the information on prices is collected from more than ten platforms, including Binance, Gemini, Poloniex, Huobi, and others.
Price indicators are updated every second; the resource provides a daily reference price. Apart from the index with data on bitcoin, ether, XRP, and other 14 cryptocurrencies, Bitmain presented another one for ten digital assets, the capitalization of which is over 90% of the total crypto market volume.
As follows from the Bitmain index on December 3, 12:00 (UTC), 16 cryptos are in the red zone, except for Ethereum Classic.
As previously reported, VanEck will control the over-the-counter bitcoin price with the help of a new index.