CoinMarketCap launches cryptographic indexes on Nasdaq, Bloomberg and others
CoinMarketCap announced that it will launch two cryptocurrency benchmarks in Nasdaq Global Index Data Service, Bloomberg Terminal, Thomson Reuters Eikon and Börse Stuttgart. The news was revealed in apost on the blog of the cryptographic data firm, published on March 20.
The two indices are calculated and managed by the German index provider Solactive, according to the following notes.
According to the announcement, the indexes will cover the 200 main cryptocurrencies by market capitalization, one that includes Bitcoin (BTC) and another without it. The last reference point will be called CMC Crypto 200 ex BTC Index (CMC200EX), while the one that includes Bitcoin is called CMC Crypto 200 Index (CMC200). The firm reports that both indices will be rebalanced on the last day of each calendar quarter.
It was reported that CMC200EX was created “totrack market performance with out the influence of Bitcoin”, since the leading currency is responsible for approximately half of the total market capital of all cryptocurrencies.
According to the post, Solactive is also the company be hind the CBOE Bitcoin Futures index, which was launched in December 2017, and manages more than three thousand personalized indexes.
Solactive’s sales manager, Fabian Colin, is quoted in the announcement that claims access to CoinMarketCap data gives them the ability to develop custom indexes for customers. He also notes that “thetalks have already begun” in that sense.
As Cointelegraph reported in mid-February, Nasdaq released two new indexes that followed the “cash or price reference rate” of Bitcoin and Ethereum (ETH). The indices were created by the cryptographic asset market data company Brave New Coin.
Previously, in November last year, MV Index Solutions, a subsidiary of investment management firm VanEck, launched its own Bitcoin index based on three major over-the-counter (OTC) counters.
As reported this week, the CBOE announced that it will not add a new Bitcoin futures contract in March, stating that “it is evaluating its approach to how it plans to continue offering derivatives of digital assets for trading”.
The information in the ecosystem of cryptocurrencies is very important when making decisions regarding short or medium term investments. The blockchain-bitcoin technology has the ability to show in realtime each of the transactions that are made, users can see where the financial resources are going. It is waiting for new announcements.
Disclaimer: This press release is for informational purposes information does not constitute investment advice or an offer to invest. The views expressed in this article are those of the author and do not necessarily represent the views of infocoin, and should not be attributed to, Infocoin.