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Crypto company CoinSwitch on Thursday launched what it said is India’s first benchmark index to measure the performance of Indian Rupee-based crypto market.
Crypto Rupee Index (CRE8) tracks eight crypto assets representing over 85 per cent of the total market capitalisation of digital assets traded in the Indian Rupee. The index, available at coinswitch.co/crypto-index, is based on real trades on the CoinSwitch app that has 18 million registered users.
“CRE8 is a demonstration of our commitment to bring more transparency to the Crypto market and equip users with a simple, easy-to-understand measure of the Indian market,” said Ashish Singhal, co-founder and CEO
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