CryptoWire Partners with Bitbns to trade India’s first Crypto Index ‘IC15’ in the first week of April.

The development of cryptocurrency enables the crypto investor to monitor the whole market instead of focusing on individual assets.

Highlighted Points

‘IC15’ will be available in the first week of April. 
The Index will be available to see globally to make investor alerts.
The step will benefit about 4 million Bitbns.

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After the partnership of CryptoWire and Bitbns, India’s first crypto index will be available to trade. The crypto index will be visible all over the world that is going to start on April’s First Week. Crypto Index IC15 can be used for trading on Bitbns exchange which was launched in January by CryptoWire, to monitor the 15 most traded cryptocurrencies in the world.

The development in Cryptocurrency trading will benefit the investors as it will make the platform global and also can give the representation of the entire market rather than remaining concentrated on one asset. With this development, the liquidity-related risk would also be reduced for the investors.

 The index not only benefits the investors but also the country as it will put India on a global crypto map. The Index prices will be shown globally and the investors would be able to track the market movements.

This ‘IC15’ index on Bitbns is also expected to broaden the offering of the product with the help of adding Exchange Traded Funds (ETFs) and some other wealthy products to benefit the investors.

CryptoWire said in a press release “This arrangement is similar to the trading of S&P- Dow Jones and Financial Times Stok Exchange (FTSE) equity indices or ETF products which trade on New York Stock Exchange (NYSE), Chicago Mercantile Exchange (CME), Nasdaq, and London Stock Exchange,” the press released by CryptoWire.

Joseph Massey said about the new launch of the index “the participants would find the IC15 index offering of much greater institutional use through ETF and alternate wealth management product,” said the CEO and Managing Director of CryptoWire.

Bitbns also made a statement as “the Index will also show the market price implication of various news and policy decision taken globally,” said Gaurav Dahake.

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