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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.

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