CoinMarketCap Index

Introduction to the Binance CoinMarketCap Indices

The Binance CoinMarketCap index product will host a suite of indices designed to enable easy access to the crypto market, powered by the CoinMarketCap data and Binance Earn financial technologies.

Why Indices?

Binance CoinMarketCap (CMC) Top 10 Equal-Weighted Index aims to track the performance of the top 10 digital assets by market capitalization, relative to the base currency of USD.

The initial incorporation of the index includes: BTC, ETH, BNB, XRP, ADA, SOL, MATIC, DOT, TRX, AVAX.

This index provides an opportunity to gain exposure to these large-cap digital assets and act as a one-stop solution for investment and trading strategies.

Please see the full information on the Binance Index page.

Key Features

  • Rule-based index that aims to track the performance of the top 10 digital assets by market capitalization.
  • The basket of 10 digital assets is equally weighted and is rebalanced on a monthly basis. The index currency is USD.
  • The index methodology is administered by Binance Earn, investable via Auto-Invest.

Methodology Principles

  • The market capitalization is calculated by multiplying its reference price in USD by its current circulating supply at a specific time of the day.
  • Index Maintenance includes monitoring and implementing the adjustments due to hard forks, airdrops, mapping and / or other actions. The treatment of such actions will be evaluated by the Governance Committee from the qualitative and quantitative characteristics of each component digital asset.
  • Digital assets will only form part of the Index after the following filtering criteria:

    • have been listed on the Binance Exchange Platform and CoinMarketCap for at least 30 days;
    • are not wrapped, pegged to another digital asset, non-digital (Fiat) currencies, group of those currencies, or physical assets;
    • are not algorithimic stablecoins;
    • does not include CoinMarketCap Top Memes Tokens by Market Capitalization.

For full methodology, please see here.

Index Administration

  • Rebalancing: the data used for all the rebalance procedures will be before 0:00 UTC+0 of the rebalancing date. The publication date of the new rebalance selection is the first Wednesday immediately after the index rebalancing date. The implementation date of the new rebalance selection is the first Friday immediately after the index rebalancing date.
  • On the index rebalancing date, the index rebalancing process is applied in the following order:

    1. Determine the eligible digital assets.
    2. Apply filtering criteria.
    3. Apply the liquidity criteria.
    4. Rank the eligible digital assets.
    5. Select the index underlying digital assets following the rules.
    6. Weight the index underlying digital assets as.
  • The new selection of digital assets, and corresponding weights, become effective on the implementation date immediately following the rebalancing date.

Introduction to the CoinMarketCap Indices

The CoinMarketCap Indices are a suite of benchmark indices designed to be the most comprehensive in the market, measuring the performance of the top 200 cryptocurrencies by market capitalization traded in USD.

Being the crypto data standard that pioneered the market capitalization valuation model in the crypto asset space, CoinMarketCap’s data will power these indices for the most accurate headline references that will extend to pricing and investable indices in the near future.

These indices are developed and owned by CoinMarketCap, the world’s crypto data authority, and calculated and administered by Solactive, an index engineering firm in Germany that is fully compliant with IOSCO Principles for Financial Benchmarks.

Crypto200 Index by Solactive

Bloomberg Ticker

CMC200 Index

RIC Ticker


Crypto200 ex BTC Index by Solactive

Bloomberg Ticker

CMC200EX Index

RIC Ticker


If you’re interested in creating your own custom index, please contact us.
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Why Indices?

While you can look at the data for each cryptocurrency on its own, having a large collection of numbers is bulky and inefficient to use for tracking general performance. Hence, there is a need for a single value to easily compare and track changes of a set of cryptocurrencies selected for specific characteristics, such as market capitalization or industry. An index is a construct meant to monitor the changes in the prices of its constituents over time.

Key Features

These are rules-based indices calculated and administered to exacting standards with a start date of December 31, 2018 and a base value of 100.00.

  • Tracks constituent market capitalization using CoinMarketCap’s trusted dataset
  • Rebalanced and reconstituted quarterly
  • Robust index methodology administered by Solactive

Methodology Principles

The index is rebalanced on the last day of each calendar quarter. Index constituent weights are fixed on the selection date, which is five days prior to the rebalancing date. At this time, all eligible cryptocurrencies are ranked by their current market capitalization. This ensures growing or shrinking cryptocurrencies are accurately represented in the overall index.

At any time, if a cryptocurrency is no longer eligible for membership, a replacement is named at the next scheduled rebalancing. The volume-weighted average price (VWAP) for each cryptocurrency incorporates pricing data from over 200 licensed exchanges, weighted by trading volume.

Index Administration

The index is calculated and administered by Solactive AG, an independent index provider based in Germany. Solactive develops, calculates and markets indices in multiple asset classes and complies with IOSCO Principles for Financial Benchmarks. The index is owned by CoinMarketCap, an independent, unbiased provider of cryptocurrency pricing with history on over 3,000 cryptocurrencies dating back to 2013. CoinMarketCap is the most trafficked site in the world for cryptocurrency information, with over 125 million people in 2018 relying on CoinMarketCap as the most trusted reference price for cryptocurrencies.

CoinMarketCap calculates market capitalization for each cryptocurrency as “price multiplied by circulating supply.” The circulating supply metric used by CoinMarketCap accounts for locked, reserved or non-saleable coins or tokens that cannot affect the price of a cryptocurrency, and hence are not factored into a cryptocurrency’s market capitalization. Using circulating supply to determine market capitalization for cryptocurrencies is analogous to using public float to determine market capitalization of publicly listed companies.