CoinMarketCap Crypto Indices To Be Displayed On Nasdaq
Several trading platforms, including Nasdaq, Bloomberg Terminal, Thomson Reuters, and the Stuttgart Stock Exchange, will launch crypto indices from CoinMarketCap, CoinDesk reports.
The indices will provide the most complete information regarding the cryptocurrency market. They will gather the figures on the two hundred most liquid digital assets, which today account for 90% of the total crypto market volume. One of them will show, among other things, information on bitcoin, the cap of which exceeds 50% of the total market, the other – without it. The first index is called the CMC Crypto 200 Index (CMC200), the second is the CMC Crypto 200 ex BTC Index (CMC200EX).
The presented indices will make information on cryptocurrency more accessible, and in the most convenient form, Brandon Chez, executive director of CoinMarketCap, states.
CoinMarketCap began to cooperate with an information supplier for German Solactive financial indices. The company will quarterly balance both indices, manage them, and conduct calculations. Price data, based on which Solactive subsequently plans to provide individual indices at the request of customers, will be delivered by CoinMarketCap.
A bigger number of crypto indices will help investors understand the situation on the market, increase their interest in digital assets, and lead to the emergence of new products, Solactive sales manager Fabian Colin stated.
As previously reported, CoinMarketCap integrated a crypto project evaluation mechanism developed by Flipside Crypto into its platform.