Cryptowire Launches India’s First Cryptocurrency Index

According to the company, the IC15 index is a rules-based broad market index by market capitalization that tracks and measures the performance of the top 15 widely traded liquid cryptocurrencies listed on the world’s major crypto exchanges.

The 15 cryptocurrencies include Bitcoin, Ethereum, Binance Coin, Solana, Cardano, Ripple, Terra, Dogecoin and Shiba Inu.

Cryptowire’s Index Governance Committee consisting of domain experts, industry professionals and academia will maintain, monitor and administer the index, rebalancing it quarterly.

The base price of the index is fixed at 10,000 and the base date is 1 April 2018. As of 1 January 2022, the IC15 index had an open price of 71,463.30 points.

According to Cryptowire, the IC15 Index has been designed with the aim of offering an easy to follow solution for a diversified portfolio, acting as a performance benchmark for fund managers and facilitating accurate replication of the index. Provides and contains the preferred index for building the index. Linked products such as index funds, exchange traded funds, etc.

“With the launch of India’s first crypto IC15 index, we intend to complete the knowledge cycle for the entire crypto and blockchain ecosystem. This will not only take forward the ‘Learn Before Earning’ initiative but with a more powerful intervention Will also serve the industry. At Cryptowire, our vision is to facilitate market growth and mitigate risk substantially by offering all possible tools to evaluate prospects and make decisions,” said Jigeesh Sonagara, Managing Director and Chief Executive Officer, Cryptowire said.

Tickerplant, a subsidiary of 63 Moons Technologies Limited, in December launched CryptoWire, a global crypto super app focused on providing knowledge, research, training, awareness, information and data based on the principles of reliability and sustainability.