ic15: IC15 to trade on Bitbns exchange from April 1


CryptoWire claims to be a global crypto super app, whereas Bitbns is a homegrown crypto exchange.

New Delhi: CryptoWire and Bitbns exchange have entered into an agreement for listing IC15, India’s first global crypto index. The index was launched by CryptoWire on January 3, 2022.

CryptoWire claims to be a global crypto super app, whereas Bitbns is a homegrown crypto exchange. However, trading of IC15 on Bitbns exchange will begin from April 1, 2022, the new financial year.

With the commencement of trading on IC15, market participants, individuals and institutions, get the advantage of spreading their risks by taking a view on the entire market versus concentrated risk on a single currency, according to a release.
Presented By

Did you Know?

You can earn interest like bank savings account on your Bitcoin wallet

View Details »
The index trading mitigates the risk related to liquidity, it said, adding that it will broaden the product offerings through Exchange Traded Funds (ETFs) and other wealth management products, derivatives, and basket trading for arbitrage benefits.

This arrangement is similar to Trading of S&P-Dow Jones and FTSE equity indices or ETF products which trades on NYSE, CME, Nasdaq, and London Stock Exchange, the media release said.

The licensing arrangement by CryptoWire would entail royalty payments consisting of a mix of fixed and revenue dependent variable charge to cover and support research and development work.

IC15 represents more than 80 per cent of crypto assets by market capitalization. The IC15 index represents cryptocurrencies which have a large value chain integrating the real economy with blockchain, it said.

Gaurav Dahake, Founder and CEO, Bitbns exchange said, “Trading in IC15 index will bring India on global crypto map as the index prices will be seen globally and enable industry to monitor broad-based movement in crypto industry.”

The index is expected to show the market price implications of various news and policy decisions taken globally. Bitbns exchange has 4 million users and 350 coin-pairs traded on the exchange. Presented By

Crypto Returns Calculator

0x1inchAaveAirSwapAlgorandAmbire AdExAnkrAugurAvalancheAxie InfinityBancorBand ProtocolBasic Attention TokenBinance CoinBitcoinBitcoin CashCOTICardanoChainlinkChilizChromiaCivicCompoundCosmosCurve DAO TokenDFI.moneyDIADaiDashDecentralandDigiByteDogecoinEOSElrondEnjin CoinEthereumEthereum ClassicFantomFetch.aiFilecoinGASGalaGolemHarmonyIOSTIndian RupeeInternet ComputerKeep NetworkKyber NetworkLitecoinLivepeerLoopringMakerMetalNEMNEONKNNanoNanoNumeraireOmiseGOPax DollarPolkadotPolygonPower LedgerQuantstampQuarkChainRepublic ProtocolRequestRippleShiba InuSolanaStatusStellarStorjSushiSwipeSynthetix Network TokenTerraTetherTezosThe GraphThe SandboxTheta FuelTheta NetworkThresholdTronTrue USDUSD CoinUniswapVeChainWavesZilliqaaelfdistrict0xiExec RLCyearn.finance

Bought onCurrent Value Buy

Pick the best companies to invest



Updated: 03/01/2022 — 11:00