To empower knowledge on the crypto and blockchain ecosystem, CryptoWire, announced the launch of India’s first index of cryptocurrencies — IC15. The global crypto super app is a Special Business Unit (SBU) of TickerPlant.

The IC15 is a rule-based broad market index by market capitalization, which tracks and measures the performance of Top 15 widely traded liquid cryptocurrencies listed on leading crypto exchanges of the world.

Over the past years, cryptocurrencies have emerged as an asset class in themselves, gaining wider acceptance and drawing people’s interests. An index that captures over 80 percent of market movement is, thus, a fundamental market tracking and assessing tool to base decisions on and enhance transparency.

CryptoWire’s Index Governance Committee comprising domain experts, industry practitioners, and academicians, will maintain, monitor, and administer the index while rebalancing it every quarter. The Base Value of the index is set at 10,000 and the Base Date is April 1, 2018.

IC15 has been designed with the objective of:

• Insights of crypto mining.
• Being the true benchmark and a mirror of the underlying crypto market – a barometer of the industry in a sense, with a diversified representation of overall market sentiments.
• Presenting an easy solution to follow for having a diversified portfolio.
• Acting as a performance benchmark for fund managers.
• Facilitating accurate replication of the index and being the preferred index for the creation of index-linked products like index funds, ETFs, etc.
• Uniquely positioning the index for efficient derivatives trading in the cryptocurrency trading marketplace.

CryptoWire offers its services through www.cryptowire.in and Android / iOS app https://cryptowire.page.link/NEAo.