A common act among financial institutions is to make decisions based on market indicators, since it allows them to know the situation. However, there is a problem when dealing with cryptocurrencies, since the diversity of necessary indicators is scarce.
By this we mean that, in fact, there are certain indicators of the crypto market, such as our Crypto Online tool. The problem is that this is one of the few indicators that exist, since it only measures prices.
Although, it should be noted that there are firms or institutions that have higher indicators, such as Binance or the Bank of America itself. The reason they possess this possibility is for two reasons. In the case of Binance because they handle unparalleled volumes of cryptocurrencies, being the largest exchange in the world. Meanwhile, JP Morgan owns the money to pay for its own crypto market analysis team.
Therefore, it is a minority that have access to the cryptocurrency financial indicators that are used in traditional financial assets. One in particular, which we mentioned earlier, are the rates of return on investments in cryptocurrencies.
Clarifying that, in the end this indicator is a calculation that the institutions could calculate for themselves when looking for the information and putting the processors. Stressing that these measures are additional costs that not all institutions can cover.
Therefore, when observing this unsatisfied demand in the world of cryptocurrencies, the visionaries began to move to solve the problem. Being MV Index Solutions (MVIS) and Intelligence Unit (IU), with support from Nomura Research Institute, Ltd. (NRI), they jointly designed the NRI / IU Crypto-Asset Index for financial institutions. Highlighting that it is initially designed for financial institutions
Using the cryptoactive index platforms provided by MVIS and CryptoCompare, the world leader in cryptocurrency data, the invertible index offers an investment solution for Japanese financial institutions, as well as for global investors.
The NRI / IU offers a reliable benchmark for assessing performance by providing benchmarks built with a clear and transparent methodology. Designed for Japanese institutional investors and cryptocurrency exchanges considering local availability, JPY and USD.
"We are pleased to present this index for the Intelligence Unit and the Nomura Research Institute," said Thomas Kettner, Managing Director of MVIS. "We are pleased to offer our services and our extensive experience in indexing digital assets for the Japanese market."
In this way they can offer the necessary cryptocurrency indicators for the institutions, with a lower cost if they calculate it by themselves.
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