Onramp Invest Announces Customized Investment Portfolios using CoinDesk Index

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

Digital asset wealth management company, Onramp Invest, has announced that it will be utilizing the CoinDesk index to create customized investment portfolios for their customers. This new development comes amidst a growing demand for diversified and customized investment options in the digital assets market. Financial advisors will be able to access the CoinDesk Market Select Index (CMIS), CoinDesk DeFi Select Index (DFX), and CoinDesk Currency Select Index (CCYS) using Onramp’s market, providing customized choices for customers with different preferences and risk tolerance.

Why Onramp is Investing in Digital Asset Management Services

Onramp Invest is a financial services platform that aims to provide digital asset management solutions to a variety of users. The platform was founded in 2019 by Tyrone Ross Jr., a financial advisor with over 20 years of experience in the industry. Ross recognized the potential of digital assets and wanted to provide a platform that would make it easier for investors to access this new asset class. Onramp’s platform aims to provide a seamless experience for users who want to invest in digital assets without having to navigate the complexities of the market themselves.

The Significance of the CoinDesk Index

CoinDesk is a leading digital media platform that provides news, analysis, and market data to the cryptocurrency industry. The CoinDesk index is a series of indices that track the performance of different cryptocurrencies and digital assets. The CoinDesk Market Select Index (CMIS) tracks the performance of the largest digital assets by market capitalization, while the CoinDesk DeFi Select Index (DFX) tracks the performance of decentralized finance (DeFi) assets. The CoinDesk Currency Select Index (CCYS) tracks the performance of global fiat currencies against major cryptocurrencies. The indices are updated in real-time, providing financial advisors with up-to-date data to help inform their investment decisions.

The Benefits of Customized Investment Portfolios

The digital assets market can be highly volatile and complex, making it difficult for investors to navigate. Customized investment portfolios provide investors with tailored options based on their individual preferences and risk tolerance. By utilizing the CoinDesk index, Onramp is able to offer customized investment options that are backed by reliable and up-to-date data. This provides investors with a higher level of transparency and control over their investments, making it easier for them to build diversified portfolios that meet their specific needs.

Conclusion

Onramp Invest’s decision to utilize the CoinDesk index to provide customized investment portfolios highlights the growing demand for digital asset management solutions in the investment industry. The CoinDesk index provides reliable and up-to-date data that can help inform investment decisions, and customized investment portfolios provide investors with tailored options that meet their individual needs. As the digital assets market continues to grow, it is likely that we will see more financial advisors and wealth management companies incorporating digital assets into their investment portfolios.

FAQs

1. What is Onramp Invest?
Onramp Invest is a financial services platform that provides digital asset management solutions.
2. What is the CoinDesk index?
The CoinDesk index is a series of indices that track the performance of different cryptocurrencies and digital assets.
3. What are the benefits of customized investment portfolios?
Customized investment portfolios provide investors with tailored options based on their individual preferences and risk tolerance, making it easier for them to build diversified portfolios that meet their specific needs.