Reuters, Bloomberg Terminals, TradingView Add AI-Powered Crypto Index for Top 100 Coins

The half a million traditional traders that use the Reuters and Bloomberg financial terminals will now have access to an index for the 100 strongest-performing cryptocurrencies and tokens.

The terminals' support of the "CIX100" index - developed by AI-powered cryptocurrency index provider Cryptoindex - was revealed in a press release shared with Cointelegraph on June 13.

CIX100 is the result of an analysis of over 1,800 coins, selected on the basis of their having consistently held a position in the top 200 for over three consecutive months and being traded on numerous exchanges, as well as on the basis of their social media popularity.

Over 33 terabytes of data - including tens of millions of trades, news announcements from the nine largest crypto exchanges globally, and social media sentiment - ostensibly contributes to the construction of the index.

This data is reportedly subjected to multiple filters in order to extract 200+ factors that determine a refined ranking, which is in turn fed into a neural network to construct a final ranking of coins.

In addition to Reuters and Bloomberg, major traders' social networking and data analysis site TradingView is also providing access to the index for its users.

Earlier this week, London-based crypto data provider CryptoCompare launched an Exchange Benchmark product that ranks over 100 crypto spot exchanges worldwide.

CryptoCompare had previously revealed a partnership with Nasdaq to release a new crypto pricing product, following a recent announcement of a venture with BitMEX to jointly build a crypto futures dataset.

Crypto analytics company Coin Metrics announced its acquisition of digital asset index firm Bletchley Indexes and plans to launch crypto smart beta indexes.

At the end of April, Nasdaq introduced XRP Liquid Index to its global data service.