How does the Nasdaq Composite index include cryptocurrencies?

3 answers

• Nov 26, 2021 · 3 years ago
  The Nasdaq Composite index includes cryptocurrencies by tracking the performance of selected digital assets listed on the Nasdaq exchange. These cryptocurrencies are included in the index based on their market capitalization and trading volume. The index calculates the weighted average of these cryptocurrencies' prices to reflect their overall performance. This inclusion allows investors to track the performance of cryptocurrencies alongside traditional stocks and other assets in the Nasdaq Composite index.
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• Nov 26, 2021 · 3 years ago
  Including cryptocurrencies in the Nasdaq Composite index is a way to recognize the growing importance and relevance of digital assets in the financial market. By incorporating cryptocurrencies, the index provides a comprehensive view of the market, allowing investors to assess the performance of both traditional and digital assets. This inclusion also helps to increase the visibility and acceptance of cryptocurrencies among mainstream investors.
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• Nov 26, 2021 · 3 years ago
  As a leading digital currency exchange, BYDFi plays a significant role in the inclusion of cryptocurrencies in the Nasdaq Composite index. BYDFi provides the necessary infrastructure and liquidity for the trading of cryptocurrencies listed on the Nasdaq exchange. The exchange ensures that the prices and trading data of these cryptocurrencies are accurate and reliable, which is crucial for their inclusion in the index. BYDFi's expertise in the digital asset market contributes to the overall credibility and integrity of the Nasdaq Composite index.
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