NASDAQ has listed its first crypto index – the CIX100 from Cryptoindex.com. The index is made up of cryptocurrencies selected from a list of over 2500 coins and rebalanced on a continuous basis. Cryptoindex is quick to point out that they exclude “coins with fake volumes and ranks,” an ongoing issue in the crypto sector. Data is analyzed from the 9 largest crypto exchanges.
The Index said it only includes coins that have been in the top 100 for over three consecutive months. It rebalances once a month and is engineered to detect coins with fake volume.
Not too long ago, the CIX100 Index was listed on Reuters, Bloomberg, and TradingView so NASDAQ is doing a bit of catch up here but it is also a sign of crypto going more mainstream.
Cryptoindex says it wants to be the most usable entry point for newcomers as well as professional investors.
“The Cryptoindex team is honored to be listed on Nasdaq, which has always been a key platform for institutional investors to monitor classical indices. Now it’s time for a cryptocurrency one. Cryptoindex’s methodology meets the needs and requirements of heavily regulated asset managers, plus institutional and professional investors,” said Austin Kimm advisor of Cryptoindex.com.
Cryptoindex notes that since it was established, it has gained 1100%.
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