Bitmain Launches Cryptocurrency Index

[kreslik.news]

Cryptocurrency mining firm Bitmain announced the launch of a cryptocurrency index this Friday.

The Beijing-based firm’s index should serve as a useful benchmarking tool for cryptocurrency investors.

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That may sound like a technicality but it’s something that has been sorely lacking in the cryptocurrency market.

Just this week, Jay Clayton, the Chairman of the Securities and Exchange Commission, said that a cryptocurrency exchange traded fund (ETF) is still a long way off.

Part of the reason for that, Clayton told CNBC reporters, is the lack of pricing data available to investors.

Obviously ... (read more)