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MarkRoberts
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Data provider, S&P Dow Jones, adds Five New Crypto Indices

Sat Jul 24, 2021 9:08 am

According to a press statement, data provider S&P Dow Jones Indices has added five new indices to its current crypto market benchmarks.

The world’s top index provider, S&P Dow Jones Indices (S&P DJI), announced today the introduction of its newest cryptocurrency indices, including the new S&P Cryptocurrency Broad Digital Market (BDM) Index. The BDM comprises around 240 currencies at debut and offers a broad performance picture of the cryptocurrency industry.

The primary event is the S&P Cryptocurrency Broad Digital Industry Index, which is based on the performance of over 240 different currencies and measures the overall health of the crypto market.

The index is part of S&P DJI’s newly established S&P Digital Market Indices, a collection of digital asset benchmarks.

The other four indices are basically subsets of the Broad Digital Market Index: the Ex-MegaCap Index includes all data from the Broad Digital Market Index with the exception of Bitcoin and Ethereum; the LargeCap Index concentrates on cryptocurrencies with “large” market capitalizations; Ex-LargeCap excludes Bitcoin and Ethereum, and the LargeCap Ex-MegaCap Index monitors data from the LargeCap set but without Bitcoin and Ethereum.

https://mycryptoparadise.com/data-provider-sp-dow-jones-adds-five-new-crypto-indices/

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