Nasdaq Stock Exchange Added Cryptocurrency Index
New tool created by CryptoIndex, takes into account the information on the hundred largest digital coins
Nasdaq’s second largest stock exchange has added an index based on 100 crypto assets called CIX100, reports Cointelegraph. When creating the tool, neural network algorithms were used, which helped to form a basket of 100 leading cryptocurrencies based on more than 200 factors.
CIX100 can only include information on coins that have been in the top 200 for more than three months. The tool is aimed at both professional investors and new players in the digital industry.