Major financial data feeds, NASDAQ Global Index Data Service (GIDS), Bloomberg Terminal, Thomson Reuters Eikon (Refinitiv) and Borse Stuttgart begin to disseminate information on two cryptocurrency indices from CoinMarketCap today.
In conjunction with financial services provider, Solactive, the indices will cover the top 200 cryptocurrencies by market capitalization. Solactive will calculate and administer the indices and rebalance them on a quarterly basis.
The first index, CMC Crypto 200 Index (CMC200) will cover over 90% of the global cryptocurrency market and will include bitcoin. The second index, CMC Crypto 200 ex BTC Index (CMC200EX) will be exclusive of bitcoin and will track the market without the influence of the dominant cryptocurrency.
CoinMarketCap Chief Executive Officer, Brandon Chez stated ‘”these indicies will promote greater accessibility to crypto data in an easier to digest format.”