Nasdaq to Insert Bitcoin and Ethereum Indices to International Information Company

Inventory exchange operator Nasdaq is incorporating indices for bitcoin and ethereum to its international information company later this thirty day period.

The company declared Monday that it has partnered with New Zealand-based blockchain information and analysis agency Brave New Coin to present data on the two new indices beginning Feb. 25.

The Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index (ELX) will present “real-time” data on the Nasdaq International Index Information ServiceSM (GIDS), its consolidated information feed, Nasdaq claimed.

Precisely, the BLX and ELX indices will present a “real-time place or reference rate” for the price tag of 1 bitcoin (BTC) and 1 ethereum (ETH) respectively,  quoted in USD, and “based on the most liquid finishes of their marketplaces.” The information will be refreshed at a frequency of 30 seconds.

Nasdaq claimed both the indices are calculated utilizing a methodology that has been “independently audited” from the Worldwide Organisation of Securities Commissions (IOSCO) principles.

“The BLX is just one of the most widely-referenced BTC indices among the crypto traders and has been calculated again to 2010. Similarly, the ELX has been calculated again to 2014,” the exchange operator additional.

Nasdaq has been extremely active in the crypto and blockchain place, like traders in field startups. Past thirty day period, the agency led a $20 million Collection-B funding round of business blockchain startup Symbiont.

Back again in November, it was revealed that Nasdaq has partnered with investment management agency VanEck to “bring a controlled crypto 2. futures-kind contract” to the current market in 2019, even though no more aspects have been revealed due to the fact then.

Nasdaq graphic via Shutterstock 


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