Cryptocurrency News

Invstr Launches Crypto Index

The Investing application has launched a cryptocurrency index called- ‘Invstr’ for their platform. This will enable its users to keep a tab on the crypto market turbulence and also will aid them to make comprehensive rate comparisons.

The Invstr will have various digital assets, payment sections, utility tokens and so on. Currently, Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH) and EOS are available on the app. Derhalli said-

“Traditional indices measure the impact on the asset class, not an investor’s portfolio. […] This is not a relevant consideration for smaller investors who want to know what the impact will be on their portfolios. The Invstr Crypto Index address this by using weightings that optimize risk-reward based on the volatility of the constituent assets.”

As seen last year the institutional investors were the buyers of the crypto transactions. The global head of trading at the Chicago-based cryptocurrency trading unit of DRW Holdings LLC, Cumberland, said-

“One of the biggest criticism of crypto by institutional investors has been the volatility. Over the last four t six months, the market has been trading in a very tight range, and that is seen to be corresponding with the traditional financial institutions becoming more comfortable diving into the space.”

On the other hand, as per reports, in October last year, the institutional investors bought crypto transactions worth more than 100,000 U.S. Dollars.

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