Index

Share
Reading Time: < 1 minute

Index is a financial instrument used to measure the price value of an asset or market. It is made up of a group of cryptocurrencies that have been grouped together and weighted based on their market capitalization, which is derived by multiplying the number of units in circulation by its current market value in US dollars.

An index is a valuable tool for tracking the price of assets because it is typically derived as a single number from a set of prices and quantities across time.

Explore Other Vocabulary ‚Üí