CMC Crypto 200 Index (CMC200)

The CMC Crypto 200 Index is comprised of the 200 largest cryptocurrencies by market cap, according to data sourced via CMC’s platform. The index is available in the form of two options: with or without the inclusion of crypto giant Bitcoin.

German index provider Solactive has partnered with cryptocurrency data provider CoinMarketCap (CMC) to launch its Cryptocurrency Benchmark indices.

Solactive and CMC teamed-up with crypto ETP provider Amun to provide the net asset values and portfolio composition for Amun’s Bitcoin, Ethereum, and crypto-basket ETPs. Following the partnership with Amun, Solactive said it plans to introduce more “exotic indices” to add to its standard equity and fixed income products.

CMC’s platform enables Solactive to access data from more than 200 crypto exchanges from around the world. The 200 coins which comprise the index make up for more than 90% of the global crypto market cap, which is currently worth $120 billion, according to Solactive.

Launching a version of the index excluding Bitcoin offers a product that avoids market bias as the crypto giant accounts for over half of the crypto global trading volume. The crypto market as a whole is highly correlated with the price of Bitcoin. When bitcoin drops in value, so does the rest of the market, and similarly when the value rises.