Upbit will launch cryptocurrency index

[xtinepink]

Upbit is the first South Korean altcoin exchange to provide investors an opportunity to invest in altcoins on that scale.

Now, it is launching the first domestic cryptocurrency index in a bid to help crypto investors better understand overall market trends. Dubbed the UBCI (Upbit Crypto Index), the index will be measured from four market indices based on long-term transactional data.

The four indices developed are as follows:

Market Index: A total cryptocurrency marketcap-weighted index that factors the market’s total liquidity ratio while providing investors an overview of all coins.

Sector Index: An index that will classify coins in their own specific sectors based on their characteristics.

Bitcoin Index: An index focusing on bitcoin trading prices in the market; and

Strategy Index: A rule-based index to serve as an indicator of quantitative investors rules and tracking yields of investors’ crypto portfolios.

source:

https://www.ccn.com/crypto-exchange-upbit-launches-koreas-first-cryptocurrency-index/

 

[barbaris]

Thanks for the news.