IC15 Explained: India’s First Crypto Index by CryptoWire
IC15 is a rule-based cryptocurrency market index that measures the performance of 15 of the world’s most liquid and actively traded cryptocurrencies.
Similar to how the Sensex tracks leading Indian stocks or how the S&P 500 measures major U.S. companies, IC15 provides a single benchmark that reflects the broader cryptocurrency market.
Instead of monitoring dozens or hundreds of individual cryptocurrencies, investors can use IC15 to understand how the overall digital asset market is performing.
The index was designed to solve a growing challenge within crypto markets: the absence of a standardized benchmark that could accurately represent market sentiment and performance.
By combining market capitalization, liquidity, and trading activity into a structured framework, IC15 offers a transparent view of the cryptocurrency ecosystem.
Why Was IC15 Created?
As cryptocurrency adoption accelerated globally, investors faced increasing complexity when evaluating market performance.
Unlike traditional financial markets that rely on benchmarks such as:
Nifty 50
BSE Sensex
S&P 500
Nasdaq 100
the crypto industry lacked a widely recognized benchmark within India.
CryptoWire introduced IC15 to address this gap.
The objective was to create a standardized index that:
Represents overall crypto market sentiment
Tracks major digital assets
Improves market transparency
Supports research and analysis
Enables benchmark-based performance measurement
Creates a foundation for future index-linked products
The creation of IC15 reflected the maturing nature of the cryptocurrency ecosystem, where investors increasingly required institutional-grade market intelligence rather than relying solely on individual token performance.
Read more: What Is IC15? India's First Cryptocurrency Index | CryptoWire
