Crypto Indices Launched On Nasdaq, Bloomberg, Reuters By CoinMarketCap

Announcements, News | March 21, 2019 By:

Cryptocurrency market data site CoinMarketCap has launched two cryptocurrency benchmark indices on NASDAQ GIDS, Bloomberg Terminals, Thomson Reuters Eikon (Refinitiv), and Börse Stuttgart.

The two indices, CMC Crypto 200 Index (CMC200) and CMC Crypto 200 ex BTC Index (CMC200EX), cover the top 200 cryptocurrencies by market capitalization. The crypto indices, which are calculated and administered by German index provider Solactive, are designed to help users to quickly reference and track the general performance of the cryptocurrency market.

“Including 200 cryptocurrencies weighted by market capitalization, the headline index CMC Crypto 200 Index (CMC200), which includes bitcoin, essentially covers more than 90% of the global cryptocurrency market,” CoinMarketCap said. “Another index excluding bitcoin, CMC Crypto 200 ex BTC Index (CMC200EX), has also been created to track the performance of the market without the influence of bitcoin, a cryptocurrency dominating ~50% of total market capitalization.”

Solactive, the company behind the CBOE Bitcoin Futures index, will calculate and administer the CoinMarketCap indices to exacting standards and strictly adhere to the stated methodology, such as rebalancing the index quarterly accordingly.

“We are very proud to be chosen as CMC’s index provider of choice in this exciting journey,” said Fabian Colin, Head of Sales at Solactive. “The ability to access CoinMarketCap data gives us the opportunity to develop custom indices for new clients. Conversations have already started. We are looking forward to developing more crypto indices in the future, which will optimistically result in investable indices and might lead to further products.”

The indices are now available on NASDAQ GIDS, Bloomberg Terminals, Thomson Reuters’ Eikon (Refinitiv), and Börse Stuttgart, and will be prominently displayed on the CoinMarketCap website.

“We are excited to launch and share these indices with the market,” said Brandon Chez, CEO of CoinMarketCap, “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.”