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The third part of the process is stock screening to eliminate additional companies. For example, if the average daily trading volume over the past three months is less than $2.5 million, it's out. If a company's free float is less than 10% of the outstanding shares, it, too, is excluded. Like most indexes, the minimum market cap to be included is $300 million. Lastly, if a stock doesn't have 30 days of trading history over the past 50 trading days, it's also excluded. The cryptocurrency market also faced significant headwinds, with the US Securities and Exchange Commission SEC launching lawsuits against major exchanges Binance and Coinbase. The SECs allegations that these platforms offered unregistered securities to the public cast a shadow over the industry, with many coins experiencing significant drops in value following the news. The situation was further compounded when Binance pleaded guilty to a criminal charge and agreed to a hefty $US4.3 billion fine to resolve an investigation by the Department of Justice, leading to the resignation of its CEO, Changpeng Zhao.