One of the largest stock exchange, Nasdaq, has listed the CIX100 index created by crypto data provider Cryptoindex. Nasdaq Crypto Index is Live.
CIX100 is a crypto market benchmark that analyzes uses a neural network algorithm to analyze data for the top 100 cryptocurrencies, taking into account over 200 factors.
Reportedly designed to exclude coins with fake volumes and rankings, the “human-free” tool targets both industry newcomers and professional investors.
According to the press release, the data is derived from the nine largest cryptocurrency exchanges globally and factors in the results of millions of trades alongside news releases and social media data.
Only coins that have consistently made it into the top 200 for at least three consecutive months are included in the index, which is rebalanced monthly.
Cryptoindex CIX100 — which is already listed on Reuters, Bloomberg, and TradingView — has reportedly gained +1100% since its establishment in May 2017. Its AI-based predictions reportedly perform with 82% daily accuracy.
Nasdaq Crypto Price Index indices gain traction globally
In February 2019, Nasdaq started listing two cryptocurrency price indices from United States blockchain and crypto market data firm Brave New Coin.
Cryptocompare has also partnered with major crypto derivatives platform BitMEX to jointly construct a real-time crypto futures dataset, which will be delivered to financial markets data provider Refinitiv.
This summer, Sina Finance — a finance-focused website owned by China’s major tech company Sina Corp — included a Nasdaq crypto index into its mobile app, without making a formal public announcement on the addition.