Wall Street Giant Goldman Sachs Partners With Coin Metrics To Create New Crypto Classification System

Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining


Goldman Sachs is introducing a framework designed to set standards in the crypto assets market by classifying digital coins based on their primary use and underlying protocol.

In a statement, the Wall Street titan says it is launching the new crypto classification system datonomy in partnership with crypto intelligence platform Coin Metrics and global index provider MSCI.

The system follows a three-level hierarchical structure consisting of the Class level that describes the fundamental purpose of assets; the Sector level that focuses on high-level specializations of digital coins, and the Sub-sector level that categorizes assets within the Sector level based on their specific product, service or function.

Goldman Sachs says the new data service can help stakeholders, including investors, service providers, researchers and developers monitor and understand the crypto market.

“This new classification system for digital assets aims to provide market participants with a consistent view of the market, allowing them to track trends across different industries, such as Smart Contract Platforms and Decentralized Finance, screen assets by a range of different filters based on their objectives, and understand aggregated properties of these assets at the portfolio level.”

The framework also aims to help users analyze the potential risks and returns of investments as well as develop new products.

“Market participants need help navigating the universe of digital assets and organizing these assets into categories to better define their risk profile and understand their returns. Datonomy has been designed to fill this gap as the digital assets market matures and can serve directly as the basis for portfolio management, reporting, benchmarking, research, and analysis.”

Goldman Sachs says datonomy can be licensed for use cases such as for reviewing and assessing portfolio performance.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Peshkova/AtlasbyAtlas Studio



[ad_2]

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close