Nasdaq Lists AI-Powered Crypto Index for Top 100 Coins

Nasdaq Lists AI-Powered Crypto Index for Top 100 Coins

The world’s second-largest stock exchange, Nasdaq, has listed the AI-powered CIX100 index created by data provider Cryptoindex. The news was revealed in a press release shared with Cointelegraph on Oct. 15.
Neural network-based analysis
CIX100 is a market benchmark that analyzes uses a neural network algorithm to analyze data for the top 100 cryptocurrencies, taking into account over 200 factors.
Reportedly designed to exclude coins with fake volumes and rankings, the “human-free” tool targets both industry newcomers and professional investors.
According to the press release, the data is derived from the nine largest exchanges globally and factors in the results of millions of trades alongside news releases and social media data. 
Only coins that have consistently made it into the top 200 for at least three consecutive months are included in the index, which is rebalanced monthly. 
Cryptoindex CIX100 — which is already listed on Reuters, Bloomberg, and TradingView — has reportedly gained +1100% since its establishment in May 2017. Its AI-based predictions reportedly perform with 82% daily accuracy.
indices gain traction globally
As reported, Nasdaq and CryptoCompare partnered this June to release a pricing product targeted at institutional investors, which is based on CryptoCompare’s aggregate index datasets.
In February 2019, Nasdaq started listing two price indices from United States blockchain and market data firm Brave New Coin.
Cryptocompare has also partnered with major derivatives platform BitMEX to jointly construct a real-time crypto futures dataset, which will be delivered to financial markets data provider Refinitiv.
This summer, Sina Finance —  a finance-focused website owned by China’s major company Sina Corp — included a index into its mobile app, without making a formal public announcement on the addition.

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