India gets its first crypto index to track the performance of Bitcoin, Ethereum, Shiba Inu, other coins

India gets its first crypto index to track the performance of Bitcoin, Ethereum, Shiba Inu, other coins - 20210415PHT02103 originalThe Cryptocurrency app CryptoWire of Mumbai-based financial content provider TickerPlant has launched India's first global cryptocurrency index called IC15. The company said it is a rules-based broad market index for market capitalization that tracks the performance of the top 15 widely traded liquid cryptocurrencies that are listed in various cryptocurrency exchanges around the world.

Increase knowledge of crypto and blockchain in India

The top 15 constituents of IC15 would be Bitcoin, Ethereum, Bitcoin Cash, Chainlink, Polkadot, Cardano, Litecoin, Avalanche, Binance Coin, Solana, XRP, Shiba Inu, Terra, Uniswap and Dogecoin. Recall that these coins can also be traded on platforms such as Bitcoin Pro. It is a safe and reliable company that offers advanced trading tools for professionals and beginners.

 The base value of the index is set at 10.000 and the base date is 1 April 2018. As of 1 January 2022, the open value of the index was 71.463,30 points. The company said the index captures more than 80% of the market movement and therefore is a fundamental tool for monitoring and evaluating the market. 

“With the launch of India's first IC15 crypto index, we intend to complete the circle of knowledge for the entire crypto and blockchain ecosystem. This will not only propel the 'learn before you earn' initiative, but it will also serve the industry with another powerful intervention, ”said Jigish Sonagara, Managing Director and Chief Executive Officer, CryptoWire. 

TickerPlant had launched the CryptoWire super app in December 2021 which sought to help cryptocurrency users with real-time market prices and insights, news, knowledge, research, education, information and data platform.

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The company said the IC15 index was designed to allow users to follow for a diversified portfolio, acting as a performance benchmark for fund managers and facilitating accurate index replication and being the index of choice. for creating index related products such as index funds, exchange traded funds, etc., and positioning the index for efficient derivatives trading in the cryptocurrency trading market. “With the launch of India's first IC15 cryptocurrency index, we intend to complete the circle of knowledge for the entire crypto and blockchain ecosystem,” Sonagara said. 

TickerPlant offers learning content in digital currencies through its Crypto University, a crypto YouTube channel, and a wire service with tools such as identifying arbitrage opportunities, creating watchlists, and lending and lending rates. Former Supreme Court Justice Justice Deepak Verma, Retired IIM Bangalore Professor R. Vaidyanathan, Former CBDT President Mukesh Joshi, Former RBI Executive Director Dr RB Barman were among the board members of society.

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