We would like to tell you about another project of our company — Cryptocurrency Index “Crypto100”.
The Crypto100 index comprises the 100 largest cryptocurrencies in the world by market capitalization. The purpose of developing the index with 100 components was to reflect the movements of the broad market, as well as to provide a benchmark for measuring the performance of investments. The components and price of the index are calculated similarly to the NASDAQ* index. The prices of the components are calculated as market averages for various trading pairs in which this cryptocurrency takes part. The index price is the arithmetic average of the component prices.
Index rebalancing (recalculation of the composition) isperformed every 2 weeks, and the components in the markets are monitored, and if the cryptocurrency disappears from the market for over 48 hours, the component is excluded and replaced with the next candidate. The index price is calculated for each minute of time and is available historically.