On Wednesday, March 20, the Nasdaq Global Index Data Service (GIDS) platform, Bloomberg Terminal, Thomson Reuters Eikon (Refinitiv) and the Stuttgart Stock Exchange launch two benchmark cryptocurrency indexes from the leading market data provider CoinMarketCap. It is reported by CoinDesk.
The CMC Crypto 200 Index (CMC200) covers the top 200 digital assets by market capitalization (more than 90% of the global crypto market). The second index - CMC Crypto 200 ex BTC Index (CMC200EX) - allows to monitor market behavior without taking into account Bitcoin, which occupies more than 50% of the capitalization of the segment.
The German supplier of financial indices Solactive will deal with the administration and quarterly rebalancing of both instruments.
According to Solactive Sales Director Fabian Colin, cooperation with CoinMarketCap will allow company to develop individual indices for its customers.
CoinMarketCap added support for the Fundamental Crypto Asset Score rating system from the Flipside Crypto startup earlier this week.