Cryptocurrency index trading

CMC Markets

Trade CFDs on baskets of cryptocurrencies with our All Crypto Index, Major Crypto Index and Emerging Crypto Index. Our crypto indices offer a unique, cost-effective way to trade on the wider cryptocurrency market, without having to trade multiple, individual coins.

Our crypto indices

We have grouped different cryptocurrencies together in order to create three new crypto baskets, representing different aspects of the crypto sphere.

All Crypto Index

This index contains all the cryptocurrencies that we offer and aims to give a wider indication of how the cryptocurrency sector is performing overall.

Major Crypto Index

This crypto index tracks the performance of the largest, most liquid portion of the cryptocurrency market, and groups together the most recognised and established cryptocurrencies – bitcoin (XBT), ethereum (ETH), ripple (XRP), bitcoin cash (BCH) and litecoin (LTC).

Emerging Crypto Index

The emerging crypto index groups together seven less established ‘altcoins’ (alternative cryptocurrencies launched after the success of bitcoin). It is designed to allow you to take a view on the smaller cap cryptocurrencies. This index contains cardano (ADA), dash (DASH), EOS, monero (XMR), NEO, stellar lumens (XLM) and tron (TRX).

The benefits and risks of trading on crypto indices

There are several benefits to crypto basket trading, rather than multiple individual cryptocurrencies.

Firstly, it can be a more cost-effective way of trading on the cryptocurrencies, as it allows you to take a view on the sector as a whole without having to open a position on each individual coin. Trading on a crypto index can also help to spread some of your risk, as you aren’t being exposed to a single coin. 

Please be aware that cryptocurrency CFDs are high-risk speculative products. High volatility combined with leverage could lead to significant losses

How crypto indices work

Each crypto index is made up of a selection of cryptocurrencies, grouped together and weighted by market capitalisation (market cap). The market cap of a cryptocurrency is calculated by multiplying the number of units of a specific coin by its current market value against the US dollar. 

Cryptocurrency indices details

View the spreads, margin rates and trading hours for our cryptocurrency indices in the table below.

Instrument
Margin rate fromMinimum spreadTrading hours
All Crypto Index8%358am Monday - 6am Saturday
Major Crypto Index5%378am Monday - 6am Saturday
Emerging Crypto Index10%228am Monday - 6am Saturday

How our crypto indices are weighted

We have aimed to provide a diverse, balanced view of the cryptocurrency market’s performance. This means for the Major Crypto Index, we have established a cap so that no single cryptocurrency can constitute a weighting of greater than 40% of the index. While no individual constituent currently makes up more than 40% of the Emerging Crypto Index, we may establish a cap of 40% for this index should it become necessary at a future date. Finally, the All Crypto Index gives 60% of the total weighting to the major cryptocurrencies, and 40% of the total to the emerging cryptocurrencies. Each individual cryptocurrency is then weighted equally within that banding. ​The weightings of any uncapped component that then fall below a 5% floor will be increased to that value taking proportional market capitalization from any uncapped index component.

We monitor our crypto indices to see whether any adjustments need to be made to constituent weightings. We will also monitor closely for any hard or soft forks which may mean adjustments to the constituent cryptocurrencies are necessary. In the event that such adjustments are made, we will also change the index divisor to ensure that there is no resulting impact on the index prices.

All Crypto Index weightings

Component
Number of units1Weighting (%)2
Bitcoin
294
14.65%
Ethereum
10,324
12.96%
Ripple
6,513,292
11.03%
Bitcoin Cash
6780
11.96%
Litecoin
20,69
10.10%
EOS
195,784
4.91%
Stellar Lumens
11,071,315
4.98%
Cardano
15,517,538
5.53%
TRON
41,181,342
5.53%
Monero
12,700
5.14%
Dash
8,308
5.72%
NEO100,249
7.48%

1 All Crypto Index divisor: 5032.908148. Index created at a base level of 2,000 as of 31 December 2018. Initial target index value = $10 million.
2 As of last rebalance date, 1 July 2019
All Crypto Index methodology [pdf]

Major Crypto Index weightings

Component
Number of units1
Weighting2(%)
Bitcoin
920
45.32%
Ethereum
20,450
25.38%
Ripple
8,013,204
13.42%
Bitcoin Cash
4,064
7.09%
Litecoin
18,227
8.79%

1Major Crypto Index divisor: 3306.539619. Index created at a base level of 3,000 as of 31 December 2018. Initial target index value = $10 million.
2As of last rebalance date, 1 July 2019

Emerging Crypto Index weightings

ComponentNumber of units1Weighting2(%)
EOS
1,040,000
34.00%
Stellar Lumens21,900,000
12.82%
Cardano29,700,00013.79%
TRON76,200,00013.32%
Monero19,10010.08%
Dash9,7608.76%
NEO74,4007.23%

1Emerging Crypto Index divisor: 10013.80305. Index created at base level of 1,000 as of 31 December 2018. Initial target index value = $10 million.
2As of last rebate date, 1 July 2019.
Major and Emerging Crypto Index methodology [pdf]

​​CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

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