Crypto Exchange Upbit Launches Korea’s First Cryptocurrency Index

Korea’s largest cryptocurrency exchange has announced the launch of the country’s first cryptocurrency index.

Upbit, a relatively new Korean crypto exchange that has quickly established itself as the country’s biggest by trading volume, is launching the first domestic cryptocurrency index in a bid to help crypto investors better understand overall market trends. Dubbed the UBCI (Upbit Crypto Index), the index will be measured from four market indices based on long-term transactional data at the exchange by calculating standard values in confidence intervals, Business Korea reports.

Reference: https://www.ccn.com/crypto-exchange-upbit-launches-koreas-first-cryptocurrency-index/

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