CRE8 Index: What Is It, And How Can It Help You Create A Great Crypto Portfolio?

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What is CRE8 index?

Investing in crypto can sound slightly complicated initially. Which coin is ideal for your investment? How do you get started? Well, India's largest crypto trading platform, CoinSwitch has created a crypto index that will help make your investment journey smoother.

Introducing CRE8, which is the short form for Crypto Rupee Index. CRE8 is a list of the top eight crypto assets that have been brought together to form an index to help you with your trading decisions. It has been created by India's largest crypto trading platform, CoinSwitch, to make your crypto investing journey fuss-free. Also, these top eight cryptos are fundamentally strong, liquid, and have performed well in the past. 

CRE8 is the first crypto index that can measure the performance of the Indian onshore crypto market in INR value and uses CoinSwitch's platform to do so. It has been designed especially for Indian crypto investors and covers over 85 percent of the crypto market. It will help in ending the confusion that could otherwise arise in an investor's mind while investing in the market.

What are crypto indices?

To understand crypto indices, let's take the example of the National Stock Exchange or NSE. 

You all must have heard about NIfty50 for a long time. It lists the country's top 50 companies by market capitalization and tracks their performance. One can easily know how the market is doing by just looking at the Nifty 50 chart. It cuts the need to track the 50 companies individually. 

So, the crypto indices function in the same way, except that they are made up entirely of cryptocurrencies. People have started taking crypto investing seriously, and that is why the concept of index investing is slowly entering the world of crypto.

How