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Nasdaq Adding Indices for Bitcoin and Ethereum
Bitcoin News

Nasdaq Adding Indices for Bitcoin and Ethereum

Stock exchange operator Nasdaq  announced Monday that it is planning to add Bitcoin and Ethereum indices to its global data service. It has partnered with New Zealand-based blockchain data and research firm Brave New Coin to offer information on the two new indices starting on the 25th February.

Nasdaq said the Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index (ELX) will offer “real-time” information on the Nasdaq Global Index Data ServiceSM (GIDS), its consolidated data feed.

Specifically, the BLX and ELX indices will offer a “real-time spot or reference rate” for the price of 1 bitcoin (BTC) and 1 ethereum (ETH) respectively,  quoted in USD, and “based on the most liquid ends of their markets.” The data will be refreshed at a frequency of thirty seconds.

Both the indices are calculated using a methodology that has been “independently audited” against the International Organisation of Securities Commissions (IOSCO) principles.

The exchange operator said:

“The BLX is one of the most widely-referenced BTC indices among crypto traders and has been calculated back to 2010. Likewise, the ELX has been calculated back to 2014,”

Nasdaq has been very active in the crypto and blockchain space, including investors in industry startups. Last month, the firm led a Series-B funding round of enterprise blockchain startup Symbiont.

Recently Adena Friedman President and CEO of Nasdaq., writing ahead of her trip to the Davos World Economic Forum, said Cryptocurrencies could still be a global currency of the future.

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