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Nasdaq Lists Crypto Index Designed to Eliminate Fake Volumes

October 16, 2019

The world’s second-largest stock exchange, Nasdaq, has listed a new cryptocurrency index that’s designed to eradicate fake trading volumes.

Created by Cryptoindex in May of 2017, the CIX100 index tracks the 100 best-performing cryptocurrencies by pulling data from nine top exchanges. The index is up 1097.73% since its launch date.

According to the company’s announcement on Facebook,

“The Cryptoindex.com team is honored to be listed on Nasdaq, which has always been a key platform for institutional investors to monitor traditional 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.”

The company notes,

“Cryptoindex 100 is a digital expression of the top 100 coins, that rebalances itself continuously as the cryptocurrency market ebbs and flows. Rebalancing of the Cryptoindex 100 happens monthly and the data is streamed from the exchange APIs taking all trades for each particular coin.”

The CIX 100 API integration

  • Binance

  • OKEx

  • Huobi

  • Bitfinex

  • Bittrex

  • HitBTC

  • Bitstamp

  • Poloniex

  • Kraken

Clean, reliable crypto data continues to address allegations detailed earlier this year by Bitwise Asset Management – that 95% of unregulated crypto exchanges pump up figures and fudge activity, spitting out fake data.

Using an AI algorithm, the Nasdaq-listed CIX100 index also taps numerous data points from the largest social media networks, including Telegram, Facebook, Bitcointalk, Twitter, Medium, Steemit and Reddit.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.