A number of major financial data feeds will now list two cryptocurrency benchmark indices provided by CoinMarketCap, as revealed in a blog post by the crypto markets monitor today.
The first index has been dubbed CMC Crypto 200 Index (CMC200), including Bitcoin and over 90% of the aggregate cryptocurrency market. The second, CMC Crypto 200 ex BTC Index (CMC200EX), will track the cryptocurrency market performance without Bitcoin’s 50% market capitalization.
Independent German index provider Solactive AG will be responsible for calculating and administering both indices in line with the stated methodologies. Solactive AG has calculated the Cboe Bitcoin Futures index since the latter’s launch in December 2017.
Fabian Colin, Head of Sales at Solactive AG hinted that there may be more indices to come in a statement cited in the post: ”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.”
CoinMarketCap also noted that the indices will be ”prominently displayed” on its own website, stating it as ”the most-trafficked site in the cryptocurrency space”.
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