CryptoWire launched India’s first cryptocurrency index, IC15, in 2022
India received its first cryptocurrency index known as IC15 in January 2022. It was launched by CryptoWire, the global cryptocurrency app. The goal is to track the performance of the 15 most traded cryptocurrencies listed on leading exchanges around the world. Cryptocurrency index in India will help cryptocurrency investors to get a solid understanding of the virtual currency trading process. Let’s get into the details of IC15, being India’s cryptocurrency benchmark.
IC15 consists of a governance committee that includes industry expertise professionals, and many others. The committee is responsible for monitoring as well as maintaining the index by remixing the fifteen most important cryptocurrencies in the cryptocurrency market. Cryptocurrency Index was launched in India to raise awareness and knowledge of cryptocurrencies, crypto mining, cryptocurrency exchanges, funds, cryptocurrency market, as well as blockchain technology.
India’s cryptocurrency index needs to address the evolution of the cryptocurrency market while mitigating potential risks with the right odds and decisions. This platform will provide cryptocurrency investors with a research-oriented, technology-enabled opportunity to monitor and track the highly volatile cryptocurrency market. India’s first cryptocurrency index has been set up to provide diversified investment solutions to investors and investment managers.
It is imperative that you trade fifteen cryptocurrencies on at least 90% of cryptocurrency trading days during the entire review period and also stay in the top 50 according to the market capitalization of the previous month. There is also another regulation that all 15 cryptocurrencies must be among the top 100 liquid cryptocurrencies for trading value to be eligible to be in IC15.
IC15 will consist of Bitcoin, Ethereum, Cardano, Binance Coin, Solana, XRP, Polkadot, Litecoin, Chainlink, Uniswap, Terra, Dogecoin, ShibaInu, Avalanche and Bitcoin Cash. CryptoWire reports that the committee will review and rebalance the cryptocurrency index in India every quarter.
CryptoWire focuses on appearing as a full suite of real-time prices and insights on cryptocurrencies including news, related information, awareness, and real-time data. The CryptoWire Super App consists of the world’s #1 CryptoWire University, CryptoWire and Crypto TV.
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