Auto-Invest will be one of the first ways to acquire digital assets in the new index from November onwards.
Binance Launches Top 10 Equal Weight Index
Binance has launched an index series, and the CMC “Top 10 Equal Weight Index” is the first index in the series.
From November 2022, Auto-Invest will be one of the first investment methods to purchase digital assets included in the new index.
Additionally, Binance unveiled its roadmap for its one-year index series.
Binance, the world’s leading provider of blockchain and crypto-asset infrastructure, today announced the launch of a new series of crypto-asset benchmark indices, the Binance CoinMarketCap (CMC) Index Series. The index is designed to allow users to better monitor and evaluate the performance of the crypto asset market to facilitate research. The new benchmark index will rely on price data from CoinMarketCap, the world’s most-cited crypto asset data tracking website owned by Binance.
The first in the series, the U.S. dollar-denominated Binance CMC Top 10 Equal Weight Index tracks the performance of the top 10 cryptoassets by market cap. In the future, the index will integrate Binance’s Auto-Invest function, and more products linked to the index will be launched in the Binance ecosystem.
Explore the CMC Top 10 Equal-Weighted Index
What will Binance launch in the future?
The Top 10 Equal Weight Index is just the beginning of a series of product innovations at Binance. According to the roadmap published by Binance, a series of new features will be introduced in 2023 and beyond.
1. October 2022: Launch of Binance CoinMarketCap Top 10 Equal Weight Index
As of today, users can track the performance of Binance CMC Top 10 Equal Weight Index Click here
2. November 2022: Auto-Invest launches index scheme to diversify regular purchases of crypto assets
One of the first ways to invest with the new index is Auto-Invest . Auto-Invest is a feature that enables users to automate and diversify the purchase of crypto assets using a dollar-cost averaging (DCA) strategy.
3. 2023: Launch of the new Auto-Invest trading index
In the future, Binance will launch more indices and incorporate relevant indices into different Binance products.
Go to Binance’s Official Website
How does the Binance CMC Top 10 Equal Weight Index work?
The new index tracks the performance of the top 10 digital assets by market capitalization relative to the U.S. dollar, the benchmark fiat currency. The top 10 digital assets are equally weighted and rebalanced on a monthly basis. The market capitalization of each digital asset is calculated using its dollar price multiplied by the current circulating supply.
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What is Auto-Invest?
Auto-Invest is a feature that enables users to purchase crypto assets in an automated manner. The feature employs a dollar-cost averaging (DCA) strategy. Users can use their BUSD or USDT balance to periodically select the crypto assets they want to buy.
Please check Binance official website or contact the customer support with regard to the latest information and more accurate details.
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Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...