Wintermute and The Block launch crypto price index
The GMCI index will track the price performance of the top 30 cryptocurrencies by market cap, with conditions.
Digital assets market maker Wintermute and crypto news outlet The Block will be launching a novel cryptocurrency market price tracking index.
According to the Feb. 12 announcement, the new joint venture, Global Markets Crypto Intelligence (GMCI), will be maintaining its namesake GMCI 30 index tracking the performance of the top 30 cryptocurrencies by market capitalization with the weighting of the top asset limited to a maximum of 25% of the index’s total value. The index will not include stablecoins.
For inclusion into GMCI, coins, and tokens must be listed in one of the centralized exchanges, including Binance, Bitfinex, Bitstamp, Bybit, Coinbase, Kraken, OKX, and Upbit. Digital assets must also be supported by either BitGo, Coinbase Custody or Gemini Custody. In addition, the indexed crypto assets must be listed on CoinMarketCap and CoinGecko. Tokens that are not compliant with U.S. Know Your Customer and Anti-Money Laundering laws are also barred from inclusion.