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Binance CMC Cryptocurrency Top 10 Equal-Weighted Index
Tracking the performance of the top 10 digital assets by market capitalization, relative to the base currency of USD.
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Index Constituents
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Objective
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 basket of 10 digital assets is equally weighted and is rebalanced on a monthly basis. The index currency is USD.
The market capitalization of a digital asset is calculated by multiplying its reference price in USD by its current circulating supply at a specific time of the day. All times used in this document are UTC+0 time.
For full methodology, please see here.
For Binance Index Governance Committee, please see here.
Filtering Criteria
Digital assets will only form part of Binance Digital Asset Indices if they satisfy 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 https://coinmarketcap.com/view/memes/.
Index Maintenance
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.
Index Rebalancing
The indices rebalance monthly with the index rebalancing date on the fourth Monday of every month, and 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:
Determine the eligible digital assets.
Apply filtering criteria.
Apply the liquidity criteria.
Rank the eligible digital assets.
Select the index underlying digital assets following the rules.
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.
Pricing and Reference Data Source
Binance Digital Asset Indices use CoinMarketCap, a cryptocurrency data provider, as the data source for digital asset pricing.
For more information on CoinMarketCap, please refer to CoinMarketCap website, https://coinmarketcap.com/.
Disclosures
No communication or information provided in this document, or any Binance Digital Asset Indices, is intended as, or shall be considered or construed as, investment advice, financial advice, trading advice, or any other sort of advice. This material does not constitute recommendation or an offer or solicitation to purchase or sell securities, and does not constitute investment advice with respect to any securities. CoinMarketCap makes no representation or recommendation regarding the eligibility or suitability of any products linked to the index for investment.
You are solely responsible for determining whether any investment, investment strategy or related transaction is appropriate for you according to your personal investment objectives, financial circumstances and risk tolerance. Before making the decision to buy, sell or hold any digital asset, you should conduct your own due diligence and consult your financial and/or taxation advisors.
Binance, as defined in our terms of use, may hold interests in digital assets in Binance Digital Asset Indices from time to time.
Binance Capital Management, the subsidiary of Binance, acquired CoinMarketCap in April 2020.