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March 20, 2019

The popular crypto-tracking website, CoinMarketCap (CMC), will be launching two cryptocurrency benchmark indices on NASDAQ GIDS, Bloomberg Terminals, Thomson Reuters Eikon (Refinitiv), and Börse Stuttgart, notes the official announcement.

The indices will reportedly help users to quickly reference and track the general performance of the cryptocurrency market.

The Head of CoinMarketCap, Brandon Chez, says the indices will promote greater accessibility to cryptocurrency data in an easier-to-digest format.

"In partnership with Solactive, our chosen index administrator, we hope these professionally-calculated indices will serve to expand the reach of cryptocurrencies into the larger financial markets," he added.

Earlier, the operator of the New York Stock Exchange, International Exchange (ICE), announced updating of its Crypto Currency Data (CDF) service become an alternative to CMC.

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