CryptoWire launches India's first global index of Cryptocurrencies IC15

NEW DELHI: CryptoWire, a global crypto super app that is a special business unit of TickerPlant, announced the launch of India's first index of Cryptocurrencies - IC15, which is a rule-based broad market index by market capitalization, with the goal of empowering knowledge on the crypto and blockchain ecosystem.

According to the company, the IC15 tracks and assesses the performance of the top 15 widely traded liquid cryptocurrencies listed on the world's largest crypto exchanges.

Cryptocurrencies have grown in popularity as an asset class in recent years, earning widespread acceptance and piqueing people's attention. As a result, an index that captures over 80% of market movement is a fundamental market tracking and analysing tool that can be used to make decisions and improve transparency.

The index will be maintained, monitored, and administered by CryptoWire's Index Governance Committee, which includes domain experts, industry practitioners, and academicians. It will be rebalanced every quarter. The index's Base Value is 10,000, and the base date is April 1, 2018. 

IC15 will be made up of Bitcoin, Ethereum, XRP, Bitcoin Cash, Cardano, Litecoin, Binance Coin, Chainlink, Polkadot, Uniswap, Dogecoin, Solana, Terra, Avalanche, and Shia Inu. "With the launch of India's first crypto index, IC15, we seek to complete the knowledge circle for the whole crypto and blockchain eco-system," stated CryptoWire Managing Director and CEO Jigish Sonagara.

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