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NASDAQ Launches New Cryptocurrency Index – Defix for DeFi Focused Projects

The US Nasdaq stock exchange has launched a new crypto index called Defix for the decentralized financial projects (DeFi). It will offer market information about the Blockchain companies, which are functional in the decentralized finance arena.

Defix has been developed by EXANTE, a firm from London. It will be symbolized as DEFX on NASDAQ.

This first altcoin index would be monitoring real-time information of Defi-focused projects like Maker DAO, Gnosis, Amoveo, Augur, Numerai, and Ox.

It will be available on the Global Index Data ServiceSM (GIDS) of NASDAQ and will be updated every minute of an hour.

DEFX would be available on Trading View, Google Finance services, and on Yahoo finance as well.

Earlier this year, NASDAQ has launched several other cryptos Indies for Bitcoin, Ethereum and XPR and another crypto ref. index provided by CryptoCompare (A digital asset data provider firm). Later in this year EXANTE also plans to launch a fund base on the DEFix index.

EXANTE’S Future Plans:

EXANTE is considered as a pioneer in the crypto field as it launched a Bitcoin fund in 2012, which is one of the most profitable hedge funds of this industry to date. It is noteworthy that it offers 70,000 % returns on its initial investments.

EXANTE also offers XAI funds the top cryptocurrencies like Ethereun, Monero, Litecoin, which assures massive returns to the investors.

Exante wants to attract the focus of investors towards the enormous potential of decentralized finance and blockchain projects. It wants to bring more awareness towards the Defi projects which can alter the conventional payment industry.

Exante also wants to introduce a fund based on the Defix Index in the near future and wants to establish this agency as a secure and financially accredited investment firm.

 

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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