Cryptocurrency market provider CoinMarketCap has announced they will be launching a new financial data feed for Nasdaq Global Index Data Service (GIDS), Bloomberg Terminal, Thomson Reuters Eikon (Refinitiv) and Germany’s Börse Stuttgart.
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The new indices will provide the “most comprehensive” cryptocurrency data, covering 200 of the top cryptocurrencies.
The CMC Crypto 200 Index (CMC200), which incorporates bitcoin (BTC), will cover more than 90 percent of the entire cryptocurrency market, CoinMarketCap stated.
The second index, CMC Crypto 200 ex BTC Index (CMC200EX), will provide market data without the weight of BTC.
Germany-based financial indices firm Solactive will compute and manage both indicies.
Solactive’s head of sales, Fabian Colin, stated the CoinMarketCap data also gives Solactive the opportunity to develop custom indicies for clients.
“We are looking forward to developing more crypto indices in the future, which will optimistically result in investable indices and might lead to further products,” Colin stated.
CoinMarketCap has also added a letter grade to crypto assets, courtesy of blockchain startup Flipside.
The Fundamental Crypto Asset Score (FCAS), developed by Flipside, assesses an array of variables, including active developer activity and a broad set of transaction data.