- CoinMarketCap will launch two comprehensive headline indices, one including bitcoin and the other without.
- The two indices will be calculated and administered by Solactive, the German index provider.
CoinMarketCap is all set to launch two cryptocurrency benchmark indices on NASDAQ GIDS, Bloomberg Terminals, Thomson Reuters Eikon (Refinitiv), and Börse Stuttgart. These benchmark indices will cover the top 200 cryptocurrencies by market capitalization. The first index, named CMC Crypto 200 Index (CMC200) includes bitcoin and covers more than 90% of the global crypto market. The second index named CMC Crypto 200 ex BTC Index (CMC200EX), tracks the market’s performance without the influence of bitcoin.
Brandon Chez, CEO of CoinMarketCap, said:
“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.”
Solactive AG is an independent German index provider which will calculate and administer the indices to exacting standards. Fabian Colin, Head of Sales at Solactive AG, stated his excitement about the opportunity:
“We are very proud to be chosen as CMC’s index provider of choice in this exciting journey. 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.”
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