Why the World Needs a Cryptocurrency Index?
Cryptoindex is a tool for exposure to the cryptomarket and serves as a smart benchmark for all cryptocurrencies. The AI-based Cryptoindex algorithm is continuously analyzing more than 1000 coins applying over 170 factors, processing more than 1 million signals per second to provide a highly sophisticated index of the top 100 coins.
It is becoming obvious that, just like the traditional markets, the cryptocurrency market needs a tool that can help reduce investment risks and make crypto trading a more secure and viable option. A cryptocurrency index, similar to an Equity, Fixed Income or Commodity index, can be considered a solution for the current crypto market challenges.
The formation of a cryptocurrency index is, therefore, the logical next step in allowing the old-world financial markets to start looking at the new world currencies as a serious and viable investment opportunity. A well-thought-out index, taking into account the regulatory and compliance needs of the sophisticated investor, would change the game. Contracts created and listed based on a cryptocurrency index provide a simple, well understood and tested method for the financial community to take an active interest in cryptocurrencies as a whole.
A cryptocurrency index organizes a certain number of digital currencies into a single diversified portfolio, creating an effortless, cost-effective and efficient investment tool that is easy to understand. A cryptocurrency index, with a token based on it, could enable the holders to diversify their exposure to the cryptocurrency markets via a single token, without the need to expend significant amounts of time or resources researching individual coins.
With a cryptocurrency index, a customer has the opportunity to monitor the dynamics of the cryptocurrency markets and store savings in several digital currencies, conducting a minimum of transactions. Such a tool, combining the best characteristics of multiple coins, could reduce the volatility and risks found in most single cryptocurrencies.
You can always check the current CIX100 composition on our MVP platform: http://cryptoindex.ai/
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