CryptoWire, a global crypto super app that is a special business unit of TickerPlant, announced the launch of India’s first index of Cryptocurrencies – IC15, which is a rule-based broad market index by market capitalisation. The IC15 tracks and measures the performance of the top 15 widely traded liquid cryptocurrencies listed on leading crypto exchanges of the world, the company stated.
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The Mumbai-based company has been designed to provide insights into crypto mining and the true benchmark and a mirror of the underlying crypto market, a barometer of the industry in a sense, with a diversified representation of overall market sentiments.
About the Index:
- CryptoWire’s Index Governance Committee, comprising domain experts, industry practitioners, and academicians, will maintain, monitor, and administer the index while rebalancing it every quarter.
- The Base Value of the index is set at 10,000 and the base date is April 1, 2018.
- Bitcoin, Ethereum, XRP, Bitcoin Cash, Cardano, Litecoin, Binance Coin, Chainlink, Polkadot, Uniswap, Dogecoin, Solana, Terra, Avalanche, and Shia Inu will be the constituents of IC15.
- The index enables crypto enthusiasts, investors, and investment managers to monitor the performance of cryptocurrencies in the global markets.