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Nasdaq Adds New Index for Decentralized Finance Projects

Cryptocurrency continues to spread and however slowly, is getting consistent attention from the traditional finance industry. Now, the Nasdaq Stock Market has just included a new index on its platform, which will give specific information on certain blockchain projects as they apply to decentralized finance (DeFi).

Created by the Exante brokerage based in London, the index is called Defix and offers a fantastic opportunity for all interested investors, traders and participants alike, to monitor tokens in the decentralized finance space. Some of the projects currently available on Defix are Augur, Gnosis, Numerai, 0x, Amoveo and MakerDAO. The Defix index can also be accessed through Google as well as TradingView. Reports have it that sometime soon, Yahoo Finance will also onboard Defix as well.

This isn’t the first time that Nasdaq is adding a cryptocurrency focused index on its platform. As a matter of fact, it has added about four – this year alone. Apart from the Defix, there are also specific markers for the three biggest cryptocurrencies in the market – Bitcoin (BTC), Ether (ETH) and Ripples’ XRP. Back in June, it was also announced that the Quandl platform owned by Nasdaq, will use data and information from CryptoCompare, a service that provides prices and indices for digital assets.

At the time, CryptoCompare co-founder and CEO, Charles Hayter, said the platform will help investors play favourably in the market:

“Reliable data is the bedrock of transparent, liquid markets and by bringing our high quality, granular dataset to a global institutional client base, via the Quandl platform, we will give traders and investors a competitive edge.”

Image Credits: Stock Photo Secrets


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