Nasdaq has added an index based on 100 crypto assets

The world's second largest stock exchange, Nasdaq, has added the CIX100 index based on 100 crypto assets, reports CoinTelegraph .

When building a basket of hundreds of leading digital assets, the tool from Cryptoindex.com uses neural network algorithms that take into account more than 200 different factors. Such a comprehensive analysis allows, in particular, to exclude coins with fake volumes.

It is also known that the index draws data on transactions on the nine largest bitcoin exchanges, and also analyzes information from social networks and the media. Only those coins that last in the top 200 for at least three months can become components of the CIX100. The composition of the index will be reviewed monthly.

According to the developers, the index will be useful for both newcomers to the industry and professionals.

Recall that in the summer, Nasdaq added cryptocurrency indices targeted at institutional investors.

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