About Financial Services Index
Financial Services Index with Top 5 Cryptocurrencies
Financial services are the sector of a broad range of financial institutions, including commercial and investment banks, all types of funds (exchange-traded, private equity funds, etc.) and markets (stock exchanges, currency exchanges, etc.), insurers, payment` service providers and others. The sector helps consumers to manage their virtual and fiat money by diverse types of financial transactions and other related activities and allows the exchange of goods and services.
The financial services sector plays key role in the global payment`s flow by enabling the allocation of money in the trading and investment`s fields. The investors can manage their funds by transforming and spreading risk and mobilizing savings through digitalization.
Financial Services Index Formation & Formula
COINdex's Financial Services Index category presents the Top 5 cryptocurrencies that have the highest net worth at the present moment. The Crypto Coin Index is based on the performance of the top virtual assets and relates their monthly performance by circulating the total number of coins per digital currency. Collapse of a certain coin or the introduction of a crypto fork also may play role in the amendments of the index.
The Index`s formula includes the market capitalization of each currency (Pi) and their respective supply (Qi), compared against the number of circulating in the economy coins (Divisor).
|Index Value||=||Σ Pi * Qi|
To assure the most accurate data, the Divisor can be changed to reflect actual market movements and performance when changes in the total supply of a virtual coin occur.
The COINdex's Financial Services Category has several Sub Categories. All tokens and coins related to these sub-industries are part of the Financial Services Category.
$ bn total cap
$ bn 24hr trading volume
% of all market cap