Back to Career News

CryptoWire launches India’s first global index of cryptocurrency

January 04, 2022

CryptoWire launches India’s first global index of cryptocurrency
CryptoWire, the global crypto app which is a special business unit of TickerPlant, on Monday said it has launched India’s first index of cryptocurrencies, named IC15. 

IC15 is a rule based broad market index by market capitalization, which tracks and measures the performance of top 15 widely traded liquid cryptocurrencies, in terms of market capitalization, listed on lending crypto exchanges of the world.

Over the past years, cryptocurrencies have emerged as an asset class, gaining wider acceptance and allure people. This index captures over 80% of market movement and is, thus, a fundamental market tracking and assessing tool, it said. 

CryptoWire’s Index Governance Committee, comprising domain experts, industry practitioners and academicians, will maintain, monitor and administer the index while rebalancing it every quarter. 

The base value of the index is set at 10,000 and the base date is April 1, 2018. Among the tokens, Bitcoin has the highest weight of index, with 51.57, whereas Ethereum holds 25.79 weightage on the index. 

Barring Binance coin, no other altcoin holds more than 5 weightages on the index. It does not include stablecoins coins such as Tether and USD coin. 

Recommended for you ...

Axis Bank and Mastercard Launch Premium Credit Card for Small Business Owners
Axis Bank and Mastercard Launch Premium Credit Card for Small Business Owners

September 26, 2024

Banks Report Over 15% Growth in New Credit Card Additions: RBI Data
Banks Report Over 15% Growth in New Credit Card Additions: RBI Data

September 26, 2024

National Company Law Tribunal (NCLT) Approves Merger of IDFC and IDFC First Bank
National Company Law Tribunal (NCLT) Approves Merger of IDFC and IDFC First Bank

September 25, 2024

Chat on WhatsApp