Crypto indexes are necessary but remain in early stages, says report

Asia-based Web3 research and consulting firm Tiger Research has stated that while cryptocurrency indexes are necessary, the sector is still in its early stages. In a report, the firm noted that in traditional financial markets, indexes serve as benchmarks, form the basis for various derivative products, and guide large-scale capital flows. However, despite the presence of players like Bitwise, CoinMarketCap, and Mantle creating crypto indexes, the report identifies a key obstacle: a significant shortage of market-proven assets. Tiger Research concluded that for crypto indexes to achieve the same influence and benchmark status as those in traditional finance, the cryptocurrency market itself must mature further.