Nasdaq Adds Index For Decentralized Financial ServicesAuthor: Ali RazaLast Updated: 12 June 2020 Cryptocurrencies are fast becoming a mainstream trading option as more people engage in crypto trading.As crypto assets become more popular, stock exchange markets are beginning to list some of these assets on their indices.One of the leading stock exchange operators, Nasdaq, has added a new index for decentralized financial projects. Nasdaq entered a partnership with a European investment services company named EXANTE to offer investors the Decentralized Finance Index (DeFix).EXANTE was established in 2011 and the firm offers financial services for a wide range of assets. Clients of the firm are presented with several options in which they can place their investment.DeFix a first of its kindThe platform, created by Nasdaq and EXANTE, is the first index which shows real time changes of six decentralized systems. The six services listed on the index are Gnosis, Numerai, Ox, Augur Amoveo, and Maker.The listing of these crypto assets gives investors an opportunity to predict and speculate how the assets will perform using data they can see for themselves. This is unlike most crypto listing platforms which do not provide real time dynamics for traders.DeFix will be listed as DEFX by Nasdaq, and it is already available for investors to track through the Nasdaq Global Index Data ServiceSM (GIDS).Investors can also track it using other services such as Google and TradingView. Yahoo Finance said that they have plans to list the index in the near future.Nasdaq continues to enter crypto spaceThe new index listed by Nasdaq is unique, but it is not the first time that the stock exchange operator has listed crypto related indices.Earlier this year, the exchange platform began listing indices for Ethereum and Bitcoin, named the Ethereum Liquid Index (ELX) and the Bitcoin Liquid Index (BLX) respectively.These indices were developed through a partnership between the American exchange service provider and Brave New Coin.At a later stage, an Index for XRP was added on Nasdaq. The XRP Liquid Index (XRPLX) provides real time data about the activity around the XRP token, which is quoted in dollars like the other indices.Quandl, a platform developed by Nasdaq, announced a partnership with CryptoCompare. This partnership will provide the platform’s users with an aggregate index of prices for a variety of “liquid” cryptocurrency markets.The listing of cryptocurrency indices may indicate that crypto trading may be available on Nasdaq in the future.Currently, there are no options for the trading of these digital assets on the stock exchange operator’s platform, but as other platforms such as Fidelity build cryptocurrency exchanges, it can be rightly expected that Nasdaq will soon be working on such a platform of its own.