Chinese firm releases indices for altcoin
Chinese cryptocurrency mining giant Bitmain released several price indices. The Bitmain Crypto Index (BCI) comprises real-time spot price reading which refreshes every second, along with a daily reference price. The spot index covers the 17 largest cryptocurrencies by market cap. The product was developed to provide institutional and retail investors with a transparent, timely, methodology-based, and investable benchmark of the most active cryptocurrencies traded globally. It is aiming to track the largest assets for both institutional and retail investors. BCI forms the latest branching out for Bitmain as the company undergoes a significant period in its history.