Two crypto benchmark indices on Bloomberg Terminal, Borse Stuttgart, Nasdaq, and Thomson Reuters will be launched soon by CoinmarketCap according to the blockchain news coming to our website from the CMC blog post published today.
According to the blog post, the indices will be administered by the German Index provider Solactive. The indices will cover up to 200 cryptocurrencies by market cap in which Bitcoin will be included but only in the first one. The latter benchmark will be named CMC Crypto 200 ex BTC Index and the one that includes Bitcoin will be named CMC Crypto 200 Index. Both of the indexes will be watched closely and on the last day of each quarter of the year, the firm states that the indexes will be rebalanced.
The CMC200EX was initially created in order to ‘’track the performance of the market without the influence of Bitcoin’’ because the number one cryptocurrency is responsible for nearly 50 percent of the total market cap of all cryptocurrencies. Solactive, the German index provider company that will be administering the indices, is the same company standing behind the CBOE Bitcoin Futures index that was launched in 2017 in December. Solactive administers more than 3000 custom indices.
Fabian Collin, who is the head of sales at Solactive, was quoted saying in the announcement that the access to the data of CoinMarketCap makes it possible for the company to develop custom indices for customers. He also stated that the ‘’conversations have already started’’ regarding the indices administration.
At the start of February this year, Nasdaq launched two indices that were created by the crypto asset market data firm Brave New Coin. Previously in 2018 in November, the popular investment company VanEck and its subsidiary MV Index Solutions launched their own Bitcoin index that was based on three over-the-counter (OTC) desks.
As previously reported by DC Forecasts, CBOE announced that there will be no new additions of the new Bitcoin futures contract in March because of the assessing of the approach by respecting the company’s plans on how to continue the offering on digital asset derivatives for trading.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
DC Forecasts - Newsletter and get recent news directly to your inbox! Daily Newsletter Bitcoin NewsAltcoin NewsLitecoin NewsEthereum NewsBlockchain NewsBitcoin ScamsRegulationExpert AnalysisPress ReleasesCardano NewsRipple NewsLibra NewsBitcoin Cash NewsTron NewsNexo NewsVechain NewsStellar NewsTezos NewsBinance Coin NewsCoinbase NewsChainLink NewsEOS NewsIOTA NewsTether NewsBitcoin SV NewsMonero NewsEthereum Classic NewsDash NewsUNUS NewsCosmos NewsMECX Token NewsNEO NewsDC Forecasts Announcements
Daily Newsletter Bitcoin NewsAltcoin NewsLitecoin NewsEthereum NewsBlockchain NewsBitcoin ScamsRegulationExpert AnalysisPress ReleasesCardano NewsRipple NewsLibra NewsBitcoin Cash NewsTron NewsNexo NewsVechain NewsStellar NewsTezos NewsBinance Coin NewsCoinbase NewsChainLink NewsEOS NewsIOTA NewsTether NewsBitcoin SV NewsMonero NewsEthereum Classic NewsDash NewsUNUS NewsCosmos NewsMECX Token NewsNEO NewsDC Forecasts Announcements
DC Forecasts provides a comprehensive source of the latest news about cryptocurrency news daily. Read more on our about us page for details.