Onramp Invest Starts Using CoinDesk Index to Create Customized Investment Portfolios

On April 19th, it was announced that digital asset wealth management company Onramp Invest has started using the CoinDesk index to create customized investment portfolios. Financial advisors will be able to access the CDI index using Onramp’s market, providing customized choices for customers with different preferences and risk tolerance. The indicators for launching the Onramp platform include CoinDesk Market Select Index (CMIS), CoinDesk DeFi Select Index (DFX), and CoinDesk Currency Select Index (CCYS).

Onramp started using the CoinDesk index to create customized investment portfolios

On April 19th, it was announced that digital asset wealth management company Onramp Invest has started using the CoinDesk index to create customized investment portfolios. Financial advisors will be able to access the CDI index using Onramp’s market, providing customized choices for customers with different preferences and risk tolerance. The indicators for launching the Onramp platform include CoinDesk Market Select Index (CMIS), CoinDesk DeFi Select Index (DFX), and CoinDesk Currency Select Index (CCYS).

Understanding the CoinDesk Index

The CoinDesk Index, also known as the CoinDesk Digital Currency Index, is a comprehensive, multi-cryptocurrency market capitalization index. The index provides investors with an easy, efficient, and standardized way to track the performance of the cryptocurrency market. The index includes the top 50 cryptocurrencies by market capitalization, weighted by the size of the circulating supply, and is rebalanced quarterly.

Onramp Invest’s Customized Investment Portfolios

Onramp Invest is a digital asset wealth management company that provides investment solutions for financial advisors and their clients. With the new partnership with CoinDesk, Onramp Invest now offers customized investment portfolios to its clients. The customized portfolios are designed based on the client’s preferences and risk tolerance by using the CoinDesk index as a benchmark.
The CoinDesk Market Select Index (CMIS) is designed to track the performance of the cryptocurrency market as a whole, while the CoinDesk DeFi Select Index (DFX) tracks the performance of the decentralized finance (DeFi) market. The CoinDesk Currency Select Index (CCYS), on the other hand, focuses on the performance of individual cryptocurrencies.

Benefits of Using Onramp Invest’s Customized Investment Portfolios

The partnership between Onramp Invest and CoinDesk provides several benefits to investors. Financial advisors can now access the CDI index through Onramp’s platform, providing more customized investment options to their clients. This enables investors to diversify their portfolios beyond traditional stocks and bonds and invest in digital assets.
Additionally, using the CoinDesk index as a benchmark ensures that investors are investing in a diversified portfolio of cryptocurrencies, lowering their risk profile. Moreover, the customized portfolios designed by Onramp Invest are designed to meet the specific needs of each client, taking into account their preferences and risk tolerance.

Conclusion

In conclusion, Onramp Invest’s new partnership with CoinDesk provides investors with more diversified investment options in the digital asset space. By providing financial advisors access to the CDI index, investors can now invest in customized portfolios based on their preferences and risk tolerance. Using the CoinDesk index as a benchmark ensures that investors are investing in a diversified portfolio of cryptocurrencies, thereby lowering their risk profile.

FAQs

**Q. What is the CoinDesk Index?**
The CoinDesk Index, also known as the CoinDesk Digital Currency Index, is a comprehensive, multi-cryptocurrency market capitalization index.
**Q. What is Onramp Invest?**
Onramp Invest is a digital asset wealth management company that provides investment solutions for financial advisors and their clients.
**Q. What are the benefits of using customized investment portfolios?**
Customized investment portfolios are designed based on the client’s preferences and risk tolerance, providing more diversified investment options in the digital asset space. Using a benchmark like the CoinDesk index ensures that investors are investing in a diversified portfolio of cryptocurrencies, thereby lowering their risk profile.