CoinDesk unveils new digital asset price index that will track price performance of nearly 150 tokens

CoinDesk announced its new digital asset price index, the CoinDesk Market Index, and said it hopes the index can become an industry benchmark similar to the stock market Dow Jones Industrial Average or the S&P 500. The CoinDesk Market Index will initially consist of 148 tokens, each of which must have a pricing history at least 30 days ago on at least two eligible exchanges, said Jodie Gunzberg, managing director of CoinDesk Indexes. Jodie Gunzberg also stated that the index will be rebalanced monthly on the second working day of each month, and the number of tokens is expected to exceed the initial 148 in the future.