Bitmain releases a new index for cryptographic tracking

The Chinese company Bitmain has introduced several new cryptanalysis indices designed to track the largest digital resources for large and private investors.

Bitmain Crypto Index (BCI) allows you to track spot prices in real time. Your data is updated every second, while basic prices are updated daily. The spot index data is presented for the 17 largest crypto by market capitalization according to CoinMarketCup.

The index is expected to update information on coins that appear after hard forks within 10 days. At the same time, each currency will be evaluated by a series of key points to determine its importance, notes the company.

Other requirements for inclusion in the index should be listed on at least two exchanges on an equal scale, as well as at least two hundred daily transactions of the newborn token combined with USD or equivalent pairs in any constituent exchange.

The rights of the index belong to the company Bitmaintech Pte. Ltd. But it is administered by the operational committee, which will perform the supervisory functions and provide feedback to all external stakeholders. It will keep continuous and timely updates.

Also available on the service is the combined index Bitmain Big 10 (BLC10), based on the data of the 10 largest cryptocurrencies. Its activities represent 90% of the total market share.

The criteria for their choice included: reputation, price transparency, stability and volume of trade. Subsequently, the list of information exchanges can change. Each month, the works council will examine service technology.

The service is already available on the official website.

The clash between China's biggest miner, Bitmain and his co-founder Jihan Wu was exacerbated along the recent cryptocurrency fork Bitcoin Cash (BCH), as both sides had a significant impact on the process.

According to sources, Bitmain is also preparing for an IPO in Hong Kong, while company officials have not yet confirmed this information.