Crypto Rupee Index (CRE8)
The Pulse of the Indian Crypto Market.
The CRE8 index is an Indian Rupee denominated, well-diversified Virtual Digital Asset (crypto) index reflecting Indian market conditions.
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These are the principles on which the CRE8 Index operates.Selection of Index Constituents
Assets on which the CRE8 is calculated must meet the following criteria:
The Crypto Rupee Index - CRE8, is computed using the square root of market capitalization method wherein the level of the Index reflects the total market value of all the cryptos/VDA’s in the Index relative to the base period October 1, 2020.
The index is rebalanced on a monthly basis and reconstituted on a quarterly basis.
Individual Crypto Value = (Current Market Value / Base Market Value ) * Base Index Value
Index Value = Sum of all Individual Crypto Values
Current Market Value = Price of a crypto today (within a specified time period on CoinSwitch).
Base Market Value = Price of acrypto on the rebalance day.
Base Index Value = Percentage share of a Crypto (in the latest rebalance multiplied by the closing price of the Index on the last day of rebalance month).
Market Capitalization = Circulating supply * Price.
Here are a few more ways a Crypto index helps investors:
The index is rebalanced monthly and reconstituted quarterly.
As and when the market capitalization of a particular Crypto changes, the weights of the index need to be adjusted accordingly.
When an index moves upwards or downwards, it is indicative of the expectations of the market. When the mood is optimistic, i.e. investors expect that the Crypto will perform better and make a transaction, the index goes up. The index will fall, in the event that the view about the future turns pessimistic and transactions decline.
You can view the CRE8 Crypto Index at www.coinswitch.co/crypto-index and it will soon be available on the CoinSwitch app as well!
Lead New Initiatives, CoinSwitch
Krishna has been involved in crypto since 2017. He cut his teeth in the traditional finance world where his last role (back in 2016!) was as a Managing Director at Barclays.
Chief Business Officer, CoinSwitch
Sharan is a Crypto OG. He has played a pivotal role in introducing crypto to India and has been running crypto exchanges since 2014. At CoinSwitch, Sharan was first key hire within months of launch in 2017.