How CoinSwitch's CRE8 is different from CryptoWires' IC15

economictimes.indiatimes.com:

crypto trading platform, Coin Switch, recently launched its benchmark 'CRE8' for its users to help track the crypto market in the domestic currency. With Coin Switch's latest launch, Indian users now have a homegrown index to track crypto markets while Crypto Wire's IC15 is its older peer. IC15 was launched on January 3, 2022, and is traded on Bitbns crypto exchange. ETmarkets.com approached both the players and tried to find the key differences between the two indices, which would allow users to understand them better.Number of tokensCRE8 constitutes the top 8 cryptos based on the market capitalization, excluding stablecoins and derivatives of existing index constituents, said CoinSwitch. «The constituents and their weights are locked in by the 25th of every month.»

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For June, the tokens and weights are — Bitcoin (36.2 per cent), Ethereum (23.40 per cent), BNB (11.10 per cent), XRP (6.70 per cent), Cardano (6.30 per cent), Solana (6.10 per cent), Polkadot (5.20 per cent) and Dogecoin (5 per cent). The total number of constituents in CryptoWire's IC15 is 15. This index, too, does not have stablecoins among its constituents. Other than the above-mentioned tokens, it also includes Avalanche, Shiba Inu, Polygon, Litecoin, NEAR, Chainlink and Crypto.com Coin.Denomination of tokensCoinSwtich's CRE8 is India's first benchmark index to measure the performance of the crypto market in rupee terms. The index value is calculated based on actual trades on the CoinSwitch platform. On the contrary, IC15's denomination of tokens is in Tether (USDT), a