GMCI has been designed to track the market capitalization of the top cryptocurrencies, ensuring that no single crypto asset accounts for more than 25% of the index’s total value. To qualify for inclusion in the GMCI, coins and tokens must be listed on one of several recognized centralized exchanges, including Binance, Bitfinex, Bitstamp, Bybit, Coinbase, Kraken, OKX, and Upbit. Additionally, digital assets must be supported by reputable custody providers such as BitGo, Coinbase Custody, or Gemini Custody.
Furthermore, the cryptocurrencies featured in the index must be showcased on popular information and analytics platforms like CoinMarketCap and CoinGecko. Coin Metrics, a reliable data aggregator, will be responsible for supplying the necessary data to calculate the index prices. It is important to note that stablecoins will not be included in the GMCI, and cryptocurrencies that fail to comply with KYC/AML regulations will also be ineligible for index inclusion.
“The GMCI Index has been developed to enhance transparency in the fast-growing asset class of cryptocurrencies, making it incredibly convenient to track the performance of the leading cryptocurrencies,” said Maarten Botman, CEO of GMCI.
It is worth mentioning that last year, CoinGecko launched a similar index aimed at monitoring the largest cryptocurrencies classified as securities by the US Securities and Exchange Commission (SEC). Several years ago, Luxor Technologies introduced the Hashrate Index, which tracks the shares of 50 mining companies.