Exante’s Decentralized Finance Index (DEFX) Now on NASDAQ
Exante, a leading financial broker that claims to provide clients with access to over 50 financial markets, has gotten its newly launched decentralized finance index, Defix, listed on NASDAQ, the world’s second-largest stock exchange. The Defix index comprises of several cryptocurrency and blockchain projects including Augur (REP), MakerDAO, Ox, Amoveo, and others, according to a press release on September 9, 2019.
Exante’s Defix Live on Nasdaq
In a bid to make it easier for speculators and crypto enthusiasts to follow the progress of their favorite financial technology (fintech) and decentralized finance (DeFi) projects, Exante, a regulated brokerage firm present in Europe and Asia, has launched the Defix index.
As stated in its press release, the Exante decentralized finance index comprises of popular distributed ledger technology (DLT) projects including Augur, a decentralized prediction market protocol powered by Ehereum, 0x, Amoveo, MakerDAO and more.
Defix is now live on the Nasdaq stock exchange with the ticker, DEFX and speculators, as well as advocates of decentralized finance, can view the index.
Commenting on the launch of Defix and its listing on Nasdaq, Zack Hess, a core Amoveo developer expressed his excitement over the development, adding that the increased awareness being brought to the DeFi ecosystem is a good thing, as it would enable everyone to take advantage of modern financial tools.
Exante Fostering Crypto Adoption
Unlike some investment firms that still prefer to watch from the sidelines when it comes to bitcoin (BTC) and other blockchain-based financial vehicles, Exante has since warmed up to cryptos.
Launched in 2011, Exante claims to be focused on exposing its clients to a broad range of financial instruments and markets and the firm has been working hard to remain true to that promise.
In 2012, Exante launched its Bitcoin Fund, which has reportedly been touted by Bloomberg as the most profitable hedge fund in history, generating a massive 70,000 percent return on investment to investors.
In 2017, Exante added XAI Fund to its trading platform. The firm says XAI Fund is a cap-weighted index designed to give investors exposure to a basket of six robust altcoins, including Ethereum (ETH), Ethereum Classic (ETC), XRP, Monero (XMR), Litecoin (LTC) and Zcash.
Notably, Exante has hinted that its clients will soon be able to invest in its new financial instrument through a dedicated Defix fund that will be managed by a credible, secure and financially accredited agency.
In related news, earlier in June 2019, BTCManager informed that Nasdaq and CryptoCompare were joining forces to launch a robust crypto data service for institutional investors.