[ad_1]
The mining giant Bitmain launches the cryptocurrency price index
The giant Bitcoin mining Bitmain last week launched a new cryptocurrency index that tracks the performance of the major cryptocurrencies, reported CoinDesk.
The Bitmain Crypto index publishes two types of prices: a real-time price that is updated every second and a daily reference price that is updated daily and published every day at 10:00 in Hong Kong.
"The Bitcoin Digital Currency Index (" Index ") is a transparent, immediate, representative and methodological index product designed to meet the market and investment needs of institutional and individual investors. performance of the largest and most liquid digital currency on the market and is denominated in US dollars, "reads the description.
Currently, sources of data collection include Bitfinex, Binance, Bitstamp, Bittrex, GDAX, Gemini, Huobi (Coin of Fire), Itbit, Kraken, OKEX and Poloniex.
In addition, the index service lists the spot prices of the first 17 digital currencies by market capitalization and a combined index Bitmain Large Cap 10 (BLC10) which describes as "a complete index of market capitalization weights, totaling over 90%. % of the market value of the digital currency market. "
"The index is designed to provide transparent, timely, methodological and investor institutional and retail investors with the most active cryptocurrencies traded globally," said Bitmain (as cited by CoinDesk).
In the event that any of the token listed undergoes a strong fork split, Bitmain has made it clear that "a new hard token token will be measured against a set of criteria in its tenth day post-fork to determine if it is significant" to be added.
[ad_2]Source link
