Binance, the world’s largest cryptocurrency exchange, has released the “Top 10 Equally Weighted Indices” based on CoinmarketCap (CMC) data.
Binance has publicly announced the launch of its index series. In the light of the shared blog post, the details of the first product of the index series were announced. Bitcoin (BTC) and Ethereum (ETH) in the sector according to market value, such as performance of top 10 cryptocurrencies the following index, while providing this service, it uses the price information from CMC. CoinmarketCapof the index that works integrated with “Auto Investment” option in November will be made available to users.
In the blog post, it was stated that these indices offered by Binance are designed to allow users to easily monitor and evaluate the cryptocurrency market.
The first product of the series Top 10 Equal Weighted Indiceswill be rebalanced on a monthly basis and presented to investors accordingly. Investors will have the option of “Automated Investment” thanks to this index and the crypto market will invest in 10 of the best performing products can do. The automatic investment option is only available in the first place. BUSD and USDT can be made using the balance.
According to the blog post in question, Binance plans to introduce more index products to users in the future.