Nasdaq, the 2nd biggest stock exchange in the world, has listed the well-known cryptocurrency data provider Cryptoindex\u2019s CIX100 index powered by Artificial Intelligence. The update was shared through an official press release dated October 15, 2019.\r\nA cryptocurrency market benchmark\r\nCIX100 has become a benchmark in the cryptocurrency market as it utilizes an algorithm based on a neural network for analyzing data for the topmost 100 digital currencies. The index analyzes and filters the crypto data after considering more than 200 factors.\r\n\r\nIn addition to that, it apparently employs an exclusive formula that is designed in such a way that all the coins with forged rankings and volumes get excluded. The tool is human-free and is targeted at both the professional investors and new entrants in the industry.\r\n\r\nAs the press release notes, this AI-powered index derives data from 9 biggest digital currency exchanges from across the world. It also considers trade results, data from social media, as well as news releases. Moreover, only those coins that have succeeded in finding a place in the top 200 consistently for a minimum of 3 consecutive months get added in the index, which is rebalanced every month.\r\n\r\nIt is vital to note that prior to the Nasdaq listing, Cryptoindex CIX100 got listed on TradingView, Bloomberg, and Reuters. Apparently, it has also gained over 1100 percent since its formation in the month of May 2017. The data aggregator\u2019s AI-powered price predictions are 82 percent accurate on a daily average.\r\n\r\nThe firm seems to be excited to have acquired a listing on Nasdaq, which they believe would place them as a prime crypto indices player. Austin Kimm, Cryptoindex\u2019s advisor, expressed that the team was honored with this listing since Nasdaq is considered an important platform when it comes to monitoring classical indices for the institutional investors.\r\n\r\nAdding further, Kimm said that their firm\u2019s methodology not only meets the requirements of extremely regulated asset managers but also of professional and institutional investors.