'Olympus Labs' Creates Index-Based Crypto Investments

 - May 4, 2018
References: olympuslabs.io & producthunt
In the traditional investing world, index trading has become popular thanks to its relative safety and impressive earnings, and Olympus Labs is a new platform that aims to bring index investing into the wild west of cryptocurrency speculation. The protocol not only allows investors to find some safety in indices, but it also makes it simple to securely invest from anywhere thanks to a newly released Olympus Labs app.

In investing, indices are bundles of different stocks that are tracked holistically. That means that investors can buy a share in the index representing the NYSE rather than buying a blue chip stock on the market, for example. For cryptocurrency, this means that investors buy shares of bundles that represent several different currencies as a whole as opposed to buying something like Bitcoin or Ethereum alone.