CoinMarketCap Cryptocurrency Indices to Launch on NASDAQ, Bloomberg and Thomson
Reuters Today
CoinMarketCap will launch two comprehensive
headline indices calculated and administered by Solactive,
the German index provider Today, we will be launching two
cryptocurrency benchmark indices on NASDAQ GIDS,
Bloomberg Terminals, Thomson Reuters Eikon (Refinitiv), and Börse
Stuttgart. These indices will be the most comprehensive ones on the
market, covering the Top 200 cryptocurrencies by market
capitalization, one including Bitcoin, and one without. Our
cryptocurrency benchmark indices will help users to quickly
reference and track the general performance of the cryptocurrency
market. Including 200 cryptocurrencies weighted by market
capitalization, the headline index CMC Crypto 200 Index (CMC200),
which includes Bitcoin, essentially covers more than 90% of the global
cryptocurrency market. Another index excluding Bitcoin, CMC
Crypto 200 ex BTC Index (CMC200EX), has also been created to track the
performance of the market without the influence of Bitcoin, a
cryptocurrency dominating ~50% of total market
capitalization at the time of writing. “We are excited to launch and
share these indices with the market,” says Brandon Chez, CEO of
CoinMarketCap, “These indices will promote greater accessibility
to cryptocurrency data in an easier-to-digest format. In partnership with
Solactive, our chosen index administrator, we hope these
professionally-calculated indices will serve to expand the reach
of cryptocurrencies into the larger financial markets.” Brandon Chez, CEO
of CoinMarketCap At CoinMarketCap, we pioneered the use of the
terms “market capitalization” in the cryptocurrency space
back in 2013, when we needed to a way to quickly compare other
cryptocurrencies to Bitcoin. We also created the term
“circulating supply”, inspired by the concept of “public float” in
equities. We also popularized “Bitcoin dominance” as a quick indicator of
Bitcoin’s market capitalization against the value of all other
listed cryptocurrencies. With the indices launching today, we aim
to capture these data points in a single, easy-to-use index performance number
that can efficiently describe the state of the cryptocurrency
market. The market capitalization for each
cryptocurrency calculated as “price multiplied by circulating supply”.
The circulating supply metric used by CoinMarketCap accounts for locked,
reserved or non-saleable coins or tokens that cannot affect the price of a
cryptocurrency, and hence are not factored into a cryptocurrency’s
market capitalization. Solactive AG, the independent German index
provider, will calculate and administer the CoinMarketCap
indices to exacting standards and strictly adhere to the stated
methodology, such as rebalancing the index quarterly accordingly. The
company counts among its index-calculating capabilities a Cboe Bitcoin Futures
index launched in December 2017. Administering over 3,000 custom indices,
Solactive is well-placed to provide and uphold the standards required to
launch and maintain these comprehensive, market-wide indices in
collaboration with CoinMarketCap. Solactive is fully compliant
with the IOSCO Principles for Financial Benchmarks. Building on
CoinMarketCap’s data, Solactive will hence be able to offer
tailored index solutions to clients also interested in licensing these
indices for their own use, such as for display or for creating derived
data and products. “We are very proud to be chosen as CMC’s index
provider of choice in this exciting journey,” expresses Fabian Colin, Head of
Sales at Solactive. “The ability to access CoinMarketCap data
gives us the opportunity to develop custom indices for new clients.
Conversations have already started. We are looking forward to developing more
crypto indices in the future, which will optimistically result in
investable indices and might lead to further products.” Fabian Colin,
Head of Sales at Solactive AG The indices are rebalanced on the
last day of each calendar quarter. The index constituent weights are fixed on
the selection date, which is five days prior to the rebalancing date. At this
time, all eligible cryptocurrencies are ranked by their current market
capitalization. This ensures that growing or shrinking cryptocurrencies are
accurately represented in the overall index. At any time, if a
cryptocurrency is no longer eligible for membership, a replacement is
named at the next scheduled rebalancing. These cryptocurrency benchmark
indices are now available on NASDAQ GIDS, Bloomberg Terminals, Thomson
Reuters’ Eikon (Refinitiv), and Börse Stuttgart. Additionally, they will be
prominently displayed on the CoinMarketCap website, which is the
most-trafficked site in the cryptocurrency space. #### Bloomberg Tickers:CMC200
IndexCMC200EX Index RIC (Reuters Identifier Code):.CMC 200.CMC200EX #### Since
2013, CoinMarketCap has been the premier price-tracking website for
cryptocurrencies. It is the most referenced and trusted source for comparing
thousands of crypto entities in the rapidly growing cryptocurrency space by
users, institutions, and media. CoinMarketCap firmly stands for accurate,
timely and unbiased information, enabling each end user to draw their own
informed conclusions from CoinMarketCap data. Website:
https://coinmarketcap.com For requests and feedback:
https://coinmarketcap.com/request To advertise:
advertising@coinmarketcap.com API: https://coinmarketcap.com/api
Newsletter: https://coinmarketcap.com/newsletter Blog:
.coinmarketcap.com Glossary:
https://coinmarketcap.com/glossary Careers:
https://coinmarketcap.com/careers Twitter:
CoinMarketCap Facebook:
facebook.com
CoinMarketCap Telegram: https://t.me/CoinMarketCap
Telegram Bot: https://t.me/CoinMarketCapBot Reddit:
https://www.reddit.com/r/CMC/ Carylyne ChanGlobal Head of
[email protected] #### Solactive AG is an innovative
index provider that focuses on the development, calculation and distribution of
tailor-made indices across all asset classes. As at January 2019,
Solactive AG served approximately 400 clients in Europe, America and
Asia, with approximately USD 200 billion invested in products linked to indices
calculated by the company globally, primarily via 380 exchange-traded funds from
a number of well-known providers. Solactive AG was established in 2007 and is
headquartered in Frankfurt. Phil WiedbrauckPublic Relations & Social
[email protected] ####
Reuters Today
CoinMarketCap will launch two comprehensive
headline indices calculated and administered by Solactive,
the German index provider Today, we will be launching two
cryptocurrency benchmark indices on NASDAQ GIDS,
Bloomberg Terminals, Thomson Reuters Eikon (Refinitiv), and Börse
Stuttgart. These indices will be the most comprehensive ones on the
market, covering the Top 200 cryptocurrencies by market
capitalization, one including Bitcoin, and one without. Our
cryptocurrency benchmark indices will help users to quickly
reference and track the general performance of the cryptocurrency
market. Including 200 cryptocurrencies weighted by market
capitalization, the headline index CMC Crypto 200 Index (CMC200),
which includes Bitcoin, essentially covers more than 90% of the global
cryptocurrency market. Another index excluding Bitcoin, CMC
Crypto 200 ex BTC Index (CMC200EX), has also been created to track the
performance of the market without the influence of Bitcoin, a
cryptocurrency dominating ~50% of total market
capitalization at the time of writing. “We are excited to launch and
share these indices with the market,” says Brandon Chez, CEO of
CoinMarketCap, “These indices will promote greater accessibility
to cryptocurrency data in an easier-to-digest format. In partnership with
Solactive, our chosen index administrator, we hope these
professionally-calculated indices will serve to expand the reach
of cryptocurrencies into the larger financial markets.” Brandon Chez, CEO
of CoinMarketCap At CoinMarketCap, we pioneered the use of the
terms “market capitalization” in the cryptocurrency space
back in 2013, when we needed to a way to quickly compare other
cryptocurrencies to Bitcoin. We also created the term
“circulating supply”, inspired by the concept of “public float” in
equities. We also popularized “Bitcoin dominance” as a quick indicator of
Bitcoin’s market capitalization against the value of all other
listed cryptocurrencies. With the indices launching today, we aim
to capture these data points in a single, easy-to-use index performance number
that can efficiently describe the state of the cryptocurrency
market. The market capitalization for each
cryptocurrency calculated as “price multiplied by circulating supply”.
The circulating supply metric used by CoinMarketCap accounts for locked,
reserved or non-saleable coins or tokens that cannot affect the price of a
cryptocurrency, and hence are not factored into a cryptocurrency’s
market capitalization. Solactive AG, the independent German index
provider, will calculate and administer the CoinMarketCap
indices to exacting standards and strictly adhere to the stated
methodology, such as rebalancing the index quarterly accordingly. The
company counts among its index-calculating capabilities a Cboe Bitcoin Futures
index launched in December 2017. Administering over 3,000 custom indices,
Solactive is well-placed to provide and uphold the standards required to
launch and maintain these comprehensive, market-wide indices in
collaboration with CoinMarketCap. Solactive is fully compliant
with the IOSCO Principles for Financial Benchmarks. Building on
CoinMarketCap’s data, Solactive will hence be able to offer
tailored index solutions to clients also interested in licensing these
indices for their own use, such as for display or for creating derived
data and products. “We are very proud to be chosen as CMC’s index
provider of choice in this exciting journey,” expresses Fabian Colin, Head of
Sales at Solactive. “The ability to access CoinMarketCap data
gives us the opportunity to develop custom indices for new clients.
Conversations have already started. We are looking forward to developing more
crypto indices in the future, which will optimistically result in
investable indices and might lead to further products.” Fabian Colin,
Head of Sales at Solactive AG The indices are rebalanced on the
last day of each calendar quarter. The index constituent weights are fixed on
the selection date, which is five days prior to the rebalancing date. At this
time, all eligible cryptocurrencies are ranked by their current market
capitalization. This ensures that growing or shrinking cryptocurrencies are
accurately represented in the overall index. At any time, if a
cryptocurrency is no longer eligible for membership, a replacement is
named at the next scheduled rebalancing. These cryptocurrency benchmark
indices are now available on NASDAQ GIDS, Bloomberg Terminals, Thomson
Reuters’ Eikon (Refinitiv), and Börse Stuttgart. Additionally, they will be
prominently displayed on the CoinMarketCap website, which is the
most-trafficked site in the cryptocurrency space. #### Bloomberg Tickers:CMC200
IndexCMC200EX Index RIC (Reuters Identifier Code):.CMC 200.CMC200EX #### Since
2013, CoinMarketCap has been the premier price-tracking website for
cryptocurrencies. It is the most referenced and trusted source for comparing
thousands of crypto entities in the rapidly growing cryptocurrency space by
users, institutions, and media. CoinMarketCap firmly stands for accurate,
timely and unbiased information, enabling each end user to draw their own
informed conclusions from CoinMarketCap data. Website:
https://coinmarketcap.com For requests and feedback:
https://coinmarketcap.com/request To advertise:
advertising@coinmarketcap.com API: https://coinmarketcap.com/api
Newsletter: https://coinmarketcap.com/newsletter Blog:
.coinmarketcap.com Glossary:
https://coinmarketcap.com/glossary Careers:
https://coinmarketcap.com/careers Twitter:
CoinMarketCap Facebook:
Facebook - Giriş Yap veya Kaydol
Arkadaşlarınla, akrabalarınla ve tanıdıklarınla paylaşımda bulunmaya ve bağlantı kurmaya başlamak için Facebook'a giriş yap.
facebook.com
Telegram Bot: https://t.me/CoinMarketCapBot Reddit:
https://www.reddit.com/r/CMC/ Carylyne ChanGlobal Head of
[email protected] #### Solactive AG is an innovative
index provider that focuses on the development, calculation and distribution of
tailor-made indices across all asset classes. As at January 2019,
Solactive AG served approximately 400 clients in Europe, America and
Asia, with approximately USD 200 billion invested in products linked to indices
calculated by the company globally, primarily via 380 exchange-traded funds from
a number of well-known providers. Solactive AG was established in 2007 and is
headquartered in Frankfurt. Phil WiedbrauckPublic Relations & Social
[email protected] ####
