Today, November 30th, Bitmain announced the launch of its Crypto Index with the aim of tracking the performance of the best-known cryptocurrencies, taking as a reference their value in US dollars.
This Bitmain Crypto Index (BLC10), which has as its target crypto investors, will give two types of prices: a real-time, updated to the second, one and another daily price at the beginning of the day, at 10 am Hong Kong time.
The list includes the top 17 per market capitalization, and prices are taken from exchanges including Bitfinex, Binance, Bitstamp, Bittrex, GDAX, Gemini, Huobi, Itbit, Kraken, OKEX and Poloniex.
“The index is developed to provide institutional and retail investors with transparent, timely, methodology-based, and investable benchmark of the most active cryptocurrencies traded globally,” Bitmain explained.
In fact, Bitmain explained that even the exchanges to be taken as a reference were selected based on various factors including price, reputation, transparency, stability and trading volumes.
