What is the Binance CMC TOP 10 Equally Weighted Cryptocurrency | Cryptoage.com

What is the Binance CMC TOP 10 Equally Weighted Cryptocurrency Index for?

index binance coinmarcetcap top 10In October 2022, the Binance cryptocurrency exchange is launching a specialized cryptocurrency index of the top 10 cryptocurrencies, similar to the Nasdag Composite, Dow Jones Industrial Average (DJIA) and S&P 500. With the help of which the general state of the economy, entire industries or the entire country is assessed. These indices are followed by millions of people ranging from the government, banks, fund managers, traders and ordinary housewives. And, for sure, you, too, have already heard more than once about various indices on stock exchanges around the world. The Binance CMC Top 10 Index sets itself a similar goal of tracking the state of the entire cryptocurrency industry, rather than a single Bitcoin or Ethereum cryptocurrency. And the seriousness of the approach in compiling this ranking tells us that Binance is serious about creating a globally recognized crypto index that will be followed by no less than the S&P 500 or the DJIA.
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