Beijing-based cryptocurrency mining giant Bitmain has launched a new cryptocurrency index as a benchmark for investors.

The firm announced Friday that the new Bitmain Crypto Index tracks the performance of some of the “largest and most liquid” cryptocurrencies, and is denominated in U.S. dollars.

The index publishes two types of prices, a real-time spot price that is updated every second, and a daily reference price that is published once a day around 10:00 a.m. Hong Kong time.

Continue Reading on CoinDesk

Like this: Like Loading...