As per CEO Massey, IC15 index keeps a proper track of best crypto currencies of entire world. On the other hand, CryptoWire, which is the international Super App, is popular these days for their international bourses. This includes the crypto exchanges which are domiciled abroad for license out the IC15 index, said Joseph Massey, CEO and MD.
The crypto Index which came out of India!
IC15 is initial most crypto index which come out from India. Such kind of index has been mainly developed by the division of Crypto Wire, that is manly the knowledge company. Joseph Massey reiterated the fact that Crypto Wire is not an exchange and neither it is the crypto currency
Also, IC15 is the rule-based on the broad market index through market capitalization. It keeps a proper tracks and has an ability to measures performance of Best 15 extensively traded kind of liquid crypto currencies. It is well list on the popular exchanges.
We talk to exchanges of crypto at quite different level of the readiness. In the year 2022-23, we also will have exchanges that will be trading IC15, said Massey from BusinessLine.
Contracts of Design derivative
He even said that the CryptoWire was also open to assist the bourses of design derivative contracts which is around IC15 index. The index of IC15which we provide may also use for the derivatives along with the ETF or exchange traded funds. The entire research department may also assist the exchange design for the derivative contract on such kind of index. The support to such exchanges are mainly the index creation and the index maintenance which is their arm’s length relationship. However, advisory also given in designing the product.
Massey also said that talks about licensing for IC15–with proper “mix” of the overseas exchanges also known as the crypto exchanges, even the commodity exchanges along with the equity exchanges.
