On Monday, September 20, Wilshire, which provides several market-leading indices (such as the FT Wilshire 5000), announced that it has launched several new crypto indices for altcoins such as Ethereum, Cardan, DOGE with the help of leading crypto asset market data provider CryptoCompare and UK-based financial news organization.
FT Wilshire creates new indices for DOGE and 8 altcoins
Presumably, FT Wilshire chose CryptoCompare as a partner based on its reputation for high quality of market data and its highly respected, unique and comprehensive methodology for ranking crypto exchanges.
Listed below are the 13 new FT Wilshire indices (10 single-asset indices and three multi-asset indices) serving to aggregate the prices of digital assets from the top-rated crypto exchanges:
- FT Wilshire Bitcoin Blended Price Index
- FT Wilshire Ethereum Blended Price Index
- FT Wilshire Cardano Blended Price Index
- FT Wilshire Dogecoin (DOGE) Blended Price Index
- FT Wilshire Chainlink Mixed Price Index
- FT Wilshire Uniswap Protocol Blended Price Index
- FT Wilshire Bitcoin Cash Blended Price Index
- FT Wilshire Uniswap Protocol Blended Price Index
- FT Wilshire Solana Blended Price Index
- FT Wilshire Litecoin Blended Price Index
- FT Wilshire Top5 Digital Assets
- FT Wilshire Top5 Digital Assets by Bitcoin
- FT Wilshire Bitcoin and Ethereum Index
Initially, pricing data will come from the seven top-rated crypto exchanges. All these exchanges must be rated “A” or “AA” by CryptoCompare and have achieved an overall score of at least 70 in the previous 12 months. This means that these exchanges must have robust Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, as well as legal and regulatory compliance and due diligence processes. cryptocoin.com As we reported, according to the August 2021 edition of CryptoCompare’s Exchange Benchmark Report, the top seven crypto exchanges currently (by overall score) are Coinbase, Gemini, Kraken, CrossTower, Bitstamp, itBit, and Luno.
Indices will be published in real time
Also, according to the press release, these new indices will be published in real time and will be included among the FT’s market data. Wilshire CEO Mark Makepeace said:
Our role is to provide the necessary tools and strategy to secure access to new markets for investors. As new forms of digital investment and the adoption of Blockchain technologies take shape, financial services will need help to ensure institutional investors gain secure access and understand the performance and risk factors associated with digital assets.
Charles Hayter, Co-Founder and CEO of CryptoCompare, said:
We are seeing significant and growing interest in digital assets from institutional investors. Since 2014, we have been working to develop a comprehensive and reliable suite of market data to offer access and transparency to this rapidly growing asset class. We look forward to working closely with the Financial Times and Wilshire to provide reliable digital asset data to create these innovative products that open new opportunities for digital asset activities to institutional investors.
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