• Mon, 15 Jul 2019, 06:43 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Reuters, Bloomberg, TradingView add support for new cryptocurrency index ‘CIX100’

Fri, 14 Jun 2019, 09:42 am UTC

Cryptoindex, an AI-based cryptocurrency index provider, has announced that users of Reuters and Bloomberg terminals would now be able to access its index for the 100-best performing tokens and cryptocurrencies.

Reuters and Bloomberg terminals have added support for Cryptoindex’s CIX100 – a digital expression of the top 100 coins, that rebalances itself continuously. In addition, TradingView, a financial platform providing stock charts, stock quotes, and trade ideas, has also added support for the index.

In its press release, Cryptoindex said that it analyzes over 33 Terabytes of data on 1,800 coins to organize the top 100 of these into a single portfolio, creating a diversified, cost-effective, efficient tool for participating in the market's growth.

Using a proprietary AI algorithm ‘Zorax,’ Cryptoindex analyzes tens of millions of trades and news announcements from the nine largest cryptocurrency exchanges. It is comprised only of those coins that have consistently been in the top 200 for over three consecutive months.

Rebalancing occurs monthly, Cryptoindex said, adding that it would enable to “see through coins that have had their value artificially inflated.”

"I have witnessed firsthand the growing demand for high-quality insight into traditionally opaque, misunderstood cryptocurrency, which led me to create Cryptoindex," CEO VJ Angelo said. "Our index takes into account collective sentiments expressed on social media, in addition to complex data analysis of volume trades and predictive analytics."

In March, CoinMarketCap has announced the launch of its benchmark cryptocurrency indices on NASDAQ GIDS, Bloomberg Terminals, Thomson Reuters Eikon (Refinitiv), and Börse Stuttgart.

Earlier this month, cryptocurrency analytics firm Coin Metrics has announced the acquisition of Bletchley Indexes, a crypto-asset index provider, and revealed plans to launch “smart beta” indexes.

More recently, crypto data and indices provider CryptoCompare collaborated with Nasdaq to launch a cryptocurrency pricing product, which will be available on Quandl, a Nasdaq-owned data platform providing financial, economic and alternative datasets.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,774.20 (+2.09%)
  • Ethereum (ETH) $232.50 (-2.04%)
  • XRP (XRP) $0.318800 (+1.50%)
  • Litecoin (LTC) $91.98 (+1.92%)
  • Bitcoin Cash (BCH) $319.53 (+3.22%)
  • Bitcoin (BTC) $10,774.20 (+2.09%)
Jul 15, 2019 (Monday)
13:14
Crypto Technicals: XRP/USD extends weakness below 200-DMA, on track to test trendline support at 0.28
13:10
Draft of India’s cryptocurrency ban bill surfaces online
11:57
Shinhan Card patents blockchain-based system with credit card functionality
11:12
IOTA, MOBI, SAP, Deutsche Telekom and others join Convergence Alliance focused blockchain, AI, IoT
11:12
Crypto Technicals: LTC/USD pauses downside at 84 handle, bias still bearish
10:28
Crypto Technicals: BTC/USD holds support at 55-EMA (9854), break below will see further weakness
10:15
Enterprise blockchain firm R3 eyes IPO: Report
09:36
Bank of Thailand reviews blockchain applications in multiple areas
08:51
PayFast to stop accepting Bitcoin as payment method due to high fees, slow process time
07:17
U.S. lawmakers seek to prevent big tech companies from offering cryptocurrencies
06:03
Georgia VAT-exempts cryptocurrencies
05:50
Bitpoint Japan finds part of stolen cryptocurrency
05:02
South Korean companies team up to build blockchain-based identification system
Jul 12, 2019 (Friday)
11:40
Litecoin becomes official cryptocurrency of American football team Miami Dolphins
10:48
Crypto Technicals: Ripple breaks below 200-DMA, opens up further downside
10:40
Japanese cryptocurrency exchange Bitpoint loses $32M to hackers
09:40
US Election Commission to approve Congressional candidate's Ethereum token giveaway plans
09:16
HSBC reduces transaction time by 12 Days using Voltron blockchain platform
09:07
Amazon, Deloitte, Fidelity support IDEO CoLab's free blockchain accelerator program
09:05
Turkey considers developing central bank digital currency
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft