By
Steve Muchoki
April 16th, 2024
Following the news on the stock exchange market’s involvement with cryptocurrencies, Cryptoindex enters into a partnership agreement with Reuters, Bloomberg and Tradingview.
Stellar cryptocurrency indexer – CryptoIndex has recently announced its involvement with major financial news platforms; Reuters, Bloomberg and TradingView in what appears to be the most diversified financial partnerships in the history of financial business relationships.
One of the most sought after investment tool by seasoned investors is an efficient metric to determine, failing as well as scaling assets on the financial market. The traditional financial market already has its deep-rooted indices which include Dow, S&P 500 and NASDAQ, however, integration of a cryptocurrency indexer would open up uncharted investment opportunities to institutional investors.
The CSO at TradingView, Stan Bokov recently confirmed the need for a partnership between traditional and neoteric financial asset indexing, saying:
“Integrating the CIX100 Cryptoindex demonstrates TradingView’s commitment towards moving fintech forward and opening new horizons for traders all over the world. Data is rapidly becoming a commodity in its own right, and access to it will define future companies success, we aim to ensure that this is maintained well for all.”
Along with a very vibrant community, these traditional financial trading indicators – Reuters, Bloomberg and Tradingview, collectively enjoy a trading capacity of over 500,000 traders worldwide. Hence this partnership is guaranteed to provide these traders with an all-round financial insight – ranging from traditional financial market tickers to the nascent cryptocurrency trading instruments.
Cryptoindex is a renowned AI-powered cryptocurrency indexer that sorts and indexes the top 100 cryptocurrencies in order of dominance in real-time. The crypto indexer’s Zorax algorithm traverses through tens of millions of news and trade announcements from leading crypto exchanges. Analyzing over 1800 digital tokens taking into considering an excess of 80 different parameters while at it.
The algorithm evaluates complex data analysis of volume trades as well as predictive analytics. And as a result, it specifies the first 100 coins that have steadily maintained a spot in the top 200 cryptocurrencies over the span of at least a quarter of a year. Along with significant adoption by influential exchange listings and social media followings. In addition to a fully automated monthly update mechanism set in place to displace ’pump and dump’ tokens.
The CEO of Cryptoindex – VJ Angelo, went on further to disclose the long term goal of the project saying:
“The index is the culmination of three decades experience in the Financial Services industry building indices. I have witnessed first hand the growing demand for high-quality insight into the traditionally opaque and misunderstood area of cryptocurrency, which led me to create Cryptoindex.”
Rumored to become the ‘Dow Jones’ of the crypto sphere, the Cryptoindex platform provisions traders with a wide range of investment and analytical instruments to improve their trading experience. On the platform, investors can automate the diversification of their crypto portfolio and track formulas and metrics through the platform.