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Breaking: CoinMarketCap crypto indices are live on Nasdaq now

Amandeep Sonewane | Mar. 20, 2019
Breaking: CoinMarketCap crypto indices are live on Nasdaq now

March 20, 2019, | AtoZ Markets - On this Wednesday, two benchmark CoinMarketCap crypto indices tracking service will be launched on the Nasdaq Global Index Data Service (GIDS) platforms, Bloomberg Terminal, Thomson Reuters Eikon and the Stuttgart Stock Exchange, as well as on the portal itself. 

According to CoinMarketCap, the presented indices are the “most comprehensive” offers in the field of cryptocurrency market data and cover the 200 largest digital assets by market capitalization.

CoinMarketCap crypto indices- CMC200 & CMC200EX

The CMC Crypto 200 Index (CMC200) includes Bitcoin and covers more than 90% of the global crypto market. The second index, CMC Crypto 200 ex BTC Index (CMC200EX) which allows traders to monitor market behavior without taking Bitcoin into account. It currently accounts for more than 50% of the capitalization of the segment.

CEO of CoinMarketCap, Brandon Chaz has quoted that:

“We are excited to launch and share these indices with the market, these indices will promote greater accessibility to cryptocurrency data in an easier-to-digest format. In partnership with Solactive, our chosen index administrator, we hope these professionally-calculated indices will serve to expand the reach of cryptocurrencies into the larger financial markets.”

To implement the initiative, CoinMarketCap has entered into an agreement with the German supplier of financial indices Solactive, which will settle and administer both instruments, as well as re-balance them on a quarterly basis. Data on the behavior of markets will come from CoinMarketCap.

According to Solactive Sales Director Fabian Colin, cooperation with CoinMarketCap will allow his company to develop individual indices for its customers.

This is a breaking news story, more information will be added once it becomes available...

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.