Binance, one of the popular cryptocurrency exchanges, announced that it has launched its new investment tool CMC top 10 product index.
Cryptocurrency investments continue to take shape with different models. Finally, Binance, one of the popular exchanges, launched a top 10 indexed investment tool. The increase in crypto money investors brought thousands of crypto money to the market. Investors who only want to invest will now be able to use the new automatic investment tool.
Binance Launches CoinMarketCap Index Series
Binance is launching the CMC Index Series, with information streaming from crypto data provider CoinMarketCap (CMC). This series will be a new investment vehicle of the auto investment division.
The top 10 equally-weighted indices are shaped by the data of the top 10 products in the market value ranking. According to the announcement made by the exchange, the name of this investment instrument will be the Equal Weighted Index. The tool, which will be balanced every month, aims to give investors efficiency in terms of price and performance.
The automatic investment tool, which will be introduced to users as of November, has already attracted great interest. According to instant CMC data, the following products are in the top 10, respectively;
1- Bitcoin (BTC)
2- Ethereum (ETH)
3- Binance (BNB)
4- Ripple (XRP)
5- Cardano (ADA)
6- Left (LEFT)
7- Polygon (MATIC)
8- Polkadot (DOT)
9- Tron (TRX)
10- Avalanche (AVAX)
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