- CoinMarketCap has launched CMC20, the first DeFi-ready crypto index token offering exposure to 20 cryptocurrencies.
- CMC20 is built on the BNB chain and uses the Lista DAO as a base to provide DeFi-level transparency in addition to traditional institutional indices.
Crypto index tokens on the BNB Chain. In collaboration with Reserve, a platform for creating on-chain crypto portfolios known as Decentralized Token Folios (DTFs), CoinMarketCap aims to give investors access to the top 20 cryptocurrencies in a single trade.
The CMC20 index tracks the top 20 cryptocurrencies, including prominent coins such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Binance Coin (BNB),
CoinMarketCap launches CMC20: What you should know
Recent reports According to CoinMarketCap, it has partnered with Reserve to launch CMC20 on the BNB chain. CoinMarketCap 20 DTF (CMC20) is reportedly a single token that opens access to 20 cryptocurrencies including Bitcoin, Ethereum, Solana, BNB and more.
Commenting on this strategic development, Rush Luton, CEO of CoinMarketCap, said:
“The crypto market has over 27 million tokens, with 50,000 new launches daily. Investors need what traditional markets have had for decades – a clear, reliable benchmark. CMC20 is the crypto version of the S&P 500, offering diversified exposure to the largest and most liquid crypto assets in a single trade, supported by a transparent methodology and permissionless infrastructure.”
CoinMarketCaps CMC20 differs from purely reference-based indices in that it is designed for active use across the crypto ecosystem. To maintain exposure to the top 20 cryptocurrencies, the index is rebalanced on a monthly basis. Stablecoins, wrapped assets and tokens with restricted investability are excluded from this list.
The method used here spreads growth from various areas such as layer 1 blockchains, exchange tokens, infrastructure projects, DeFi protocols and emerging sectors. It also offers broader market representation than indices that focus solely on BTC and ETH.
This crypto index token on the BNB chain uses Lista DAO as a platform to provide DeFi-level transparency in addition to traditional institutional indices. This is in addition to introducing sophisticated portfolio exposure tools to the BNB chain.
The token offers 24/7 permission-free minting and redemption in an exchange-traded manner. Additionally, it supports spot listings across CEXs, DEXs, wallets and platforms and enables investors to track futures and advanced trading strategies.
How does CMC20 help?
Thomas Mattimore, CEO von ABC Labs und Core Contributor bei Reserve, sagt:
“CMC20 shows what is possible through crypto and Defi infrastructure. For the first time, anyone can easily join a market capitalization-weighted index of the top 20 crypto assets. It is the blueprint for how next-generation financial products will be built.”
With the launch of the CMC20 token, instant trading is available on PancakeSwap, and minting/redemption is possible via Reserve’s dApp. The project also plans to integrate with centralized and decentralized exchanges, wallets and fintech platforms.
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