The purpose of an index in finance is to capture and track the performance of a specific market segment. An index commonly comprises numerous stocks or assets, and anyone who has ever ventured into investing has heard about major indexes such as the S&P 500, DOW, and Nasdaq.

Experts believe that indexes represent one of the best passive strategies, and research shows that they can outperform day trading over long periods of time. Not to forget, indexes also save time and diversify your holdings with minimum effort. Is there anything not to like?

Shrimpy already allows its users to create and manage indexes, but now, we have introduced a completely new feature that makes it possible to gain more extensive control over an index by customizing it with the help of index tags.

Index tags allow you to form an index based on a specific category while also having the ability to exclude other categories. Shrimpy offers 96 tags in total and each one targets a certain segment of the market, be it smart contracts, mineable coins, DeFi tokens, or BSC assets.

Tags can be combined for maximum efficiency, and each asset within its range is prioritized by market capitalization. It is also worth mentioning that investors can determine the weighting method of their index, select asset ranges, and input both minimum and maximum allocation settings for each cryptocurrency.

The value proposal of index tags is rather simple. Let’s say that an investor called Bob is new to crypto and wants to invest in assets that are part of the DeFi niche. He can set the DeFi tag in the index settings and automatically invest in a bundle of diverse assets like AAVE, UNI, SUSHI, and a dozen more tokens.

Trade like the pros!

But what if Bob wants to be even more specific by targeting cryptocurrencies that are truly deemed to be valuable by the market? In that case, Bob can rely on the expertise of others by using tags that mark reputable crypto funds and VC firms.

Have you ever wondered what it feels like to invest in the same cryptocurrencies that are eyed by investment giants like Alameda Research, Pantera Capital, and Three Arrows Capital? You can find out by simply selecting their tag. Trade like the pros and never worry about your FA skills not being on point ever again!

A list of well-known crypto investment firms.

When we say that the options are limitless, we genuinely mean it. Head over to our special support article to find out more about using index tags and how to synergize them with different kinds of options.

Shrimpy is an account aggregating platform for cryptocurrency. It is designed for both professional and novice traders to come and learn about the growing crypto industry. Trade with ease, track your performance, and analyze the market. Shrimpy is the trusted platform for trading over $13B in digital assets.

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