Crypto hits mainstream with NASDAQ listing for CIX100
Cryptoindex’s currency index now available on Reuters, Bloomberg and TradingView as performance soars
The world’s second largest stock exchange, the NASDAQ, has listed the CIX100 index created by crypto-data provider Cryptoindex, in what appears to be a clear sign that crypto indices are breaking into the mainstream.
The move follows listings for the CIX100 on Reuters, Bloomberg and TradingView— and a trading performance that is up 1,100 per cent since its inception in May 2017.
The CIX100 uses artificial intelligence to analyse data from the top 100 cryptocurrencies, using more than 200 different factors including trades from the largest crypto exchanges, as well as information such as news releases and social media data.
The index is rebalanced monthly and only coins that have reached the top 200 for at least three consecutive months are included.
Cryptoindex.com advisor Austin Kimm said the NASDAQ launch cemented the company’s position as a key player in crypto indices: “NASDAQ... has always been a key platform for institutional investors to monitor classical indices. Cryptoindex’s methodology meets the needs and requirements of heavily regulated asset managers, plus institutional and professional investors.”
The news caps a busy year for crypto indices. The NASDAQ and CryptoCompare partnered in June to release a cryptocurrency pricing product targeted at institutional investors, while in February 2019 the same exchange began listing two cryptocurrency price indices from US blockchain/crypto data firm Brave New Coin.