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Launching New Trading Product -Lykke

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Lykke, a Switzerland-based blockchain business company, has newly developed a new trading tool Lykke Crypto Index  (LyCI), according to its website.
LyCI is a tool that consolidates and tracks the performance or value of a selection of underlying cryptocurrencies.
Lykke’s new tool is a weighted index, and the proportion of each digital assets contained in the group is dependent on their total market capitalization.
For users,

  • Useful benchmark of individual cryptocurrencies against a measure of market overall performance
  • Quick and instant measure of general performance cryptocurrency markets, as measured by the largest players