The NASDAQ adds a DeFi index
Crypto

The NASDAQ adds a DeFi index

By Alfredo de Candia - 10 Sep 2019

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As announced yesterday by Exante, a financial broker that also operates with cryptocurrencies, the NASDAQ has launched an index for decentralised finance (DeFi), called Defix (DEFX).

nasdaq defi index

 As can be read from the press release, this index will consider several cryptocurrencies which are mainly active in the field of decentralised finance: Augur (REP), Amoveo (VEO), Gnosis (GNO), Numerai (NMR), Maker (MKR) and 0x (ZRX).

 With this index, in fact, the aim will be to keep track of and organise under a single instrument the main projects concerning decentralised finance (DeFi).

Zach Hess, the main developer of Amoveo (VEO), explained that

 “[he is] glad to see increased awareness being brought to decentralized finance projects” and would like to “give everyone access to modern financial tools”.

 This is an important step forward, especially when it comes to traditional finance. Previously the NASDAQ had already included some indices for the most popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP).

In addition, Exante had announced that it wanted to create an investment plan using a fund pegged to the Binance (BNB) cryptocurrency

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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