Wintermute, a digital assets market maker, and The Block, a crypto news outlet, have teamed up to introduce a new cryptocurrency market price tracking index named the Global Markets Crypto Intelligence (GMCI).

The GMCI index is designed to monitor the price performance of the top 30 cryptocurrencies by market capitalisation, instituting a cap where the highest valued asset cannot exceed 25% of the total index value.

This initiative aims to offer a comprehensive and regulated insight into the cryptocurrency market, excluding the involvement of stablecoins.

To be eligible for inclusion in the GMCI, cryptocurrencies must be listed on major centralised exchanges such as Binance, Coinbase, and Kraken, among others.

Moreover, to ensure compliance and integrity, tokens that fail to adhere to U.S. Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations are automatically disqualified from being featured in the index.