bitcoin ethereum index

NASDAQ, one of the leading stock exchange operators of the world, has announced its partnership with Brave New Coin (a blockchain data and research firm based in New Zealand). This partnership will reportedly launch its two new Bitcoin and Ethereum indexes on February 25, 2019.

NASDAQ’s Bitcoin and Ethereum Indexes – More Information

Reports say the two Bitcoin and Ethereum indexes that will start its operation later this month are:

  • Bitcoin Liquid Index (BLX)
  • Ethereum Liquid Index (ELX)

The leading stock exchange has said that these indices will provide Nasdaq Global Index Data ServiceSM (GIDS) information on a real-time basis. In fact, the consolidated data feed will also be provided.

Bitcoin Liquid Index and Ethereum Liquid Index will reportedly provide users with reference rate or real-time spot rate for one BTC and one Ethereum respectively. This price will be quoted in US Dollar and will be “based on the most liquid ends of their markets.” The provided data by these indices will be refreshed every 30 seconds.

bitcoin ethereum index

The calculation at both Bitcoin Liquid Index and Ethereum Liquid Index are done with the use of a methodology that has been audited independently against IOSCO (International Organisation of Securities Commissions) principles.

The exchange operator went on to say:

“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 is Very Active in Crypto Market for Quite Sometime

NASDAQ stock has been significantly active in blockchain technology implementation as well as the cryptocurrency industry for quite some time now. The company has been on the frontline of a Series-B funding round for Symbiont blockchain startup. NASDAQ had also partnered with VanEck investment management firm in November 2018 for bringing “a regulated crypto 2.0 futures-type contract” to the crypto market in 2019.

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