In 2021, the Chicago Board Options Exchange (CBOE) plans to launch its cryptocurrency index.
It will display the dynamics of the movement of digital currencies, said Catherine Clay, spokeswoman for the Cboe Global Market. The platform partner will be the CoinRoutes team.
Initially, the Cboe crypto index will track price movements for the ten largest digital currencies, Clay said. This list will include bitcoin and ether.
The developers will launch the indicator gradually. This process will roughly stretch over the first and second quarters of next year. Catherine Clay added that the Cboe crypto index will be available to all users by mid-2021.
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CoinRoutes CTO Jan Weisberg noted that the cryptocurrency industry has enormous potential. Its influence on the global market will grow in the coming years.
Investors will need tools to monitor the crypto environment. Players need the information to make the most correct decision at a specific point in time. A similar tool was previously presented by Bloomberg.
In early December, S&P announced the launch of its crypto index. After that, the company announced the purchase of a stake in the startup Lukka, which will partner with S&P in the deployment of the indicator.