Reuters, Bloomberg & TradingView Offer AI-Powered Crypto Index Of Top 100 Coins

Reuters and Bloomberg terminals have listed the top 100 exceptionally performing cryptos and tokens. Put together, both financial terminals are used by more than 500,000 speculators and investors across the globe.

The terminals will offer CIX100 index, which was developed by Cryptoindex, a firm offering cryptocurrency index using AI (artificial intelligence).

CIX100 lists cryptocurrencies based on analysis of more than 1,800 coins. The index is made up of coins which have regularly taken top 200 positions for more than three successive months and traded on multiple exchanges, in addition to their popularity on social media platforms.

Cryptoindex makes use of artificial intelligence technology and a tailor-made algorithm named Zorax to identify the top 100 coins based on performance. The index is built after processing 33 terabytes of info, which includes several million transactions, messages from top nine cryptocurrency exchanges across the world, and overall sentiment existing in social media platforms.

The aforementioned data undergoes several layers of processing in order to arrive at 200+ attributes that dictate a filtered ranking. That is sent to a neural network to build ultimate ranking of coins. The CIX100 undergoes a rebalance process every month, which includes identification of cryptocurrencies that undergoing artificial price boost.

Other than Reuters and Bloomberg, TradingView, which is a top traders’ social networking and data analysis platform, is also offering access to the index for its clients.

Regarding the integration of CIX100 Cryptoindex with TradingView, Stan Bokov, chief strategy officer (CTO) at TradingView said

“Integrating the CIX100 Cryptoindex demonstrates TradingView’s commitment towards moving fintech forward […] 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.”

A few days before London-based CryptoCompare, which provides crypto data, introduced an Exchange Benchmark product that validates and ranks more than 100 cryptocurrency exchanges (spot) across the world.

CryptoCompare had earlier disclosed collaboration with Nasdaq to introduce a unique crypto pricing tool, following a partnership with BitMEX to develop a dataset for crypto futures.

Furthermore, in June, Coin Metrics, a crypto analytics firm, revealed its takeover of crypto asset index firm Bletchley Indexes and intends to unveil crypto smart beta indexes. By the end of April, Nasdaq launched XRP Liquid Index (XRRLX) to its global info service.