Investing app, Invstr, launched a cryptocurrency index for their platform. The index will allow investors to follow the cryptocurrency markets according to an article posted on news outlet Finextra on Feb 6.
Invstr’s crypto index will allow users to be able to track price fluctuations of the crypto market and make price comparisons of specific cryptocurrencies against another. The index will also include a range of digital asset categories, that includes asset payment and utility tokens.
“Retail investors want to know whether they should be invested in cryptocurrencies and what the impact of that investment will be on their portfolios.” according to a statement made by Invstr CEO, Kerim Derhalli.
Cryptocurrencies on the app will be reviewed quarterly, which will allow for the addition of newer and stable cryptocurrencies to remain on the app while removing suspended and unstable forms of crypto from the index. Some of the cryptocurrencies available for monitoring on the Invstr app will include, Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), and EOS.
As Cointelegraph reported in October, institutional investors have surpassed high-net-worth individual investors as the biggest buyers of cryptocurrencies transactions that are worth over $100,000.
