Invstr, An Investing App Launches A Cryptocurrency Index For Their Platform
Invstr, an Investing app launches a cryptocurrency index for their platform to enable its users to monitor the cryptocurrency markets, track price fluctuations and make price comparisons of specific cryptocurrency pairs.
As per the press release on Feb 6, the Index will also include a range of digital asset categories including asset, payment and utility tokens. The cryptocurrencies included in the App will go through a quarterly review in order to maintain only stable cryptocurrencies to remain on the app while the unstable ones will be suspended from the index.
As of now the cryptocurrencies available for monitoring on the Invstr app include Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH) and EOS.
Invstr CEO Kerim Derhalli added that the index will allow retail investors to examine the impact that crypto investments will have on their portfolios. Since traditional indexes measure the impact on the asset class and not on individual’s portfolios, they are no more relevant to retail investors. He elaborated
“Traditional indices measure 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 addresses this by using weightings that optimise risk-reward based on the volatility of the constituent assets.”
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