UPDATE: Listed on the following exchange: HitBTC, Bibox, Idex. Read more here: https://medium.crypto20.com/additional-exchange-general-update-adc94407d97d.
October 16th, 2017
November 30th, 2017
CRYPTO20 is the worlds first cryptocurrency-only tokenized index fund, and aims to provide a solution to this problem. The portfolio will autonomously maintain a diverse portfolio of the top 20 cryptocurrencies by market capitalization in the same way that funds such as the Vanguard 500 maintain a portfolio based on the market capitilization of the top 500 publicly listed US companies (the S&P 500). In order to continue to track the market (index) over time, CRYPTO20’S asset portfolio is adjusted regularly in a process called rebalancing.
CRYPTO20 is not a platform, it is a fully functioning product. CRYPTO20 cuts out the middleman and is thus able to offer the lowest fees in the industry.