Binance, one of the largest cryptocurrency exchanges in the world by market cap, announced on Monday that it had launched new series of cryptocurrency indices in cooperation with the popular crypto-tracking service CoinMarketCap.
According to a press release, the Binance CoinMarketCap (CMC) Index Series is designed to enable users to evaluate and monitor the overall crypto market conditions to make easier investing decisions. As suggested by their names, new indices will use pricing data provided by CoinMarketCap, which Binance has owned since 2020.
Alongside the announcement, the cryptocurrency exchange