Indices like S & P Dow Jones will start to monitor top cryptocurrencies

Earlier on this week S&P Dow Jones Indices indicated that such indexes will start to measure the performance of the 500+ most traded cryptocurrencies by market cap, top cryptos would obviously be include Bitcoin. Research indicates this will include more than 500+ of the most frequently traded coins and tokens which will be included to be included in the indexes.

 

According to the statement issued by both companies, S&P’s clients could create customized indexes, among other benchmarking tools on cryptocurrencies. 

 

“With digital assets such as cryptocurrencies becoming a rapidly emerging asset class, the time is right for independent, reliable, and user-friendly benchmarks.” mentioned Peter Roffman, who is the global head of Innovation and Strategy at S&P Dow Jones Indices.

Its interesting to note that it looks like cryptocurrencies may very well achieve the status of “mainstream investments” with the indexes’ launching in 2021.This has also been noted with large firms  such as JP Morgan, who has been showing a new view towards Bitcoin, shifting to a bullish view in the medium and long-term. 


Other large firms such as PAYPAL have been taking significant steps to adopt cryptocurrencies within their portfolio, as they announced in October. During an earnings call held on November 2, 2020, PayPal’s CEO Dan Schulman revealed plans such as increased crypto-asset purchasing limits.

What are the top 10 cryptocurrency exchanges?

Listed in no particular order is our list of the top ten cryptocurrency exchanges. We go on to disclose what we like about the exchanges. Please feel free to comment and share your opinion or cast a vote. 

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What are the top 10 cryptocurrency exchanges or trading tools?

Coinbase: The reason why we like Coinbase is the way they engage with the user. The user experience is clean simple and fun. One of the best features with Coinbase is the way you can earn rewards for many of the ALT coins trying to get traction. 

The rewards are simple by simply completing a few videos and maybe a couple of test your free crypto is added to your portfolio. Within a few simple steps you can have a diversified range of cryptocurrency tokens and coins added to your Coinbase wallet


Its safe and secure as it such a popular cryptocurrency exchange. Its great for beginners as it does not appear to look like some of the crazy threatening exchanges out there. You know the ones that have crazy charts and figures going everywhere. So while making this blog post I thought I would log in and boom there’s some more rewards to be earned. Its super easy just give it a shot. 

Binance: A leading and also an entry level trading platform. You can easily trade on your mobile, desktop or even integrate with their easy to use API documentation. 

Binance offers 24/7 support and a good community to help you with your trading needs. 


Trade safely with Binance 

Cryptohopper: Not just a cool name it has a bunch of features including 

 

Portfolio Management this will save you time when logging into all your exchange accounts and losing track of profits/losses.  Cryptohopper helps you to manage your complete portfolio from the dashboard. That feature looks to be free of charge.

 

Automatic Trading  helps you gain control of trading outside of your timeframe. Sleep, emotions, and limited time are one of the few problems traders have. Your Hopper can scan up to 75 markets, 24/7.

HaasOnline: Just what is HaasOnline? HaasOnline started in 2014 and has been a strong leader in cryptocurrency trading. Thousands of cryptocurrency enthusiasts, traders, professionals and institutional investors rely on HaasOnline as their primary  platform. HaasOnline products and technology are simple enough for any trader to use, yet robust enough to power some of the world’s most advanced automated trading algorithms.

If you are a cryptocurrency trader this platform automates functions by providing the right set of tools. Its feature is called Haasbot for automated trading. This is an automated trading bot that supports many of your favourite exchanges. 

Bitcoin and Cryptocurrency market cap bigger than large banks

Did you know that in November 2020 the market capitalization of Bitcoin currently sits at over 200 billion USD. The market cap is total suppply of bicoin multiplied by the price.The At its prior peak the Bitcoin market capitalization increased from approximately 1.02 billion U.S. dollars in the second quarter of 2013 to peak at 238 billion U.S. dollars in the last quarter of 2017.

Here is a diagram from Crytpo dreams that we liked showing Bitcoin marketcap at 350 Billion comparing it to JPM Chase at 349 Billion, ICBC China at 251 Billion, BAC United States 231 Billion. CCB China 192 Billion. 

 

As you would be aware the most  popular cryptocurrency in the world is Bitcoin, The leader takes the top position in charts with almost 69% market dominance. I is not likely ly that any other cryptocurrency coin or token could overtake bitcoin in terms of crypto market capitalization in the near future. The second largest cryptocurrency is Ethereum.