IC15 index trading will bring India on the global crypto space. The index prices will be globally tracked and will help the industry to track market movements.
The IC15 index on Bitbns is expected to broaden the product offering through exchange-traded funds (ETFs) and other wealth management products for arbitrage benefits.
ETFs are financial products that are regulated and track the price movement of an underlying asset. ETFs give people an option to profit from the price movement of an asset without actually buying a single unit of it.
In a press release, CryptoWire said “This arrangement includes S&P-Dow Jones and Financial Times Stock Exchange (FTSE) equities or ETF products traded on the New York Stock Exchange (NYSE), the Chicago Mercantile Exchange (CME), Nasdaq and the London Stock Exchange. does business.”
About four million (40 million) users of the Bitbns exchange will benefit from trading on IC15.
As of March 1, 2022, Bitcoin, XRP, Terra, and Cardano were the top four crypto assets on the IC15 index.<!–
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