The Crypto Rupee Index has been launched by CoinSwitch (CRE8). According to the crypto exchange, it is India’s first benchmark index for measuring the performance of the Indian Rupee-based crypto sector. CRE8 monitors the performance of eight crypto assets that account for more than 85% of the entire market capitalization of crypto assets traded in Indian Rupee.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
KEY POINTS:
In its index composition, CRE8 contains the top eight crypto-assets by market cap, such as Bitcoin, Ethereum, Ripple, Binance coin, and Cardano. Stablecoins and derivatives of other indexes are not included.
The coins included in the index are chosen based on the following criteria:
Find More News on Economy Here
World AIDS Vaccine Day, also known as HIV Vaccine Awareness Day, is observed annually on…
The Indian government has announced plans for public sector companies like Coal India, NMDC, and…
In April, India's merchandise exports saw a modest 1% increase, reaching $34.99 billion, driven by…
The Open Network for Digital Commerce (ONDC), a digital infrastructure initiative launched in 2021, has…
In response to rising credit demand and falling liquidity, State Bank of India (SBI) has…
The Indian Army is poised to elevate its air defense capabilities with the impending delivery…