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Defix (DEFX) – New Nasdaq Decentralized Finance Index
September 10  |  2 min read

Defix: a New Decentralized Finance Index Listed on Nasdaq

The COIN360 Editorial Team

London-based brokerage company EXANTE has launched the Defix index as a weighted index of six altcoins. The new altcoin index is available on the Nasdaq platform under the DEFX ticker for the “Decentralized Finance Index.”

The company is positioning its Decentralized Finance Index as “the first altcoin index that reflects the dynamics of the most promising blockchain projects working in decentralized finance.” It is a capitalization-weighted altcoin index, which includes Augur, Gnosis, Amoveo, Numerai, 0x and Maker, of which the latest has the most weight. The weight is distributed in accordance with the firm’s expert analysis of the market.

According to the Defix fund page, the team’s first project, The Bitcoin Fund, launched in 2012, “has yielded over 70,000% in return to date.” In 2017 the team also added the XAI Fund with 6 altcoins to their trading platform.

EXANTE highlights that the index is enhancing “exposure to decentralized finance projects,” while companies included in the index have expressed gratitude for the “increased awareness.”