Nasdaq adds a new index for decentralized finance ‘DeFix,’ covering Augur, MakerDAO

DeFi • September 10, 2019, 4:10AM EDT

Stock exchange operator Nasdaq has added yet another crypto-related index – this time for decentralized finance (DeFi), according to an announcement Monday.

The operator has partnered with London-based brokerage firm EXANTE to offer the DeFix index, which includes “real-time” information for projects such as Augur and MakerDAO, among others.

“DeFiX is the first altcoin index that reflects the dynamics of the most promising blockchain projects working in decentralized finance: Augur, Gnosis, Amoveo, Numerai, Maker, 0x,” said Nasdaq.

The new index is available on the Nasdaq Global Index Data ServiceSM (GIDS), its consolidated data feed, and is refreshed every 60 seconds. In addition to Nasdaq, users can also view the DeFix index on Tradingview and Google, as well as Yahoo Finance in the future, per the announcement.

Earlier this year, Nasdaq also partnered with New Zealand-based blockchain data and research firm Brave New Coin to provide indices for bitcoin (BTC), ether (ETH) and XRP cryptocurrencies. The operator also offers two benchmark indices covering the top 200 cryptocurrencies by market capitalization – one with bitcoin and the other without – in an association with CoinMarketCap.

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Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.