CryptoWire rolls out India's first global index of cryptocurrencies IC15

The IC15 tracks and measures the performance of top 15 widely traded liquid cryptocurrencies listed on leading crypto exchanges of the world, said a senior company official

CryptoWire's MD and CEO Jigish Sonagara said: “With the launch of India’s first index of crypto IC15, we intend to complete the knowledge circle for the entire crypto and blockchain ecosystem. This will not only push the ‘learn before earn’ initiative but also serve the industry with yet another powerful intervention."

"At CryptoWire, our approach is to facilitate market development and mitigate risk to a great degree by presenting all possible tools to evaluate possibilities and make decisions,’’ he said.

CryptoWire's index governance committee comprising of domain experts, industry practitioners, and academicians will administer the indicator 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 will also act as a performance benchmark for fund managers, facilitate accurate replication of the index, and position the index for efficient derivatives amongst other functions, the company said.

Bitcoin, Ethereum, XRP, Bitcoin Cash, Cardano, Litecoin, Binance Coin, Chainlink, Polkadot, Uniswap, Dogecoin, Solana, Terra, Avalanche, and Shia Inu will be the constituents of the rule-based market index.