Nasdaq, the second largest stock exchange market in the world has now partnered with New Zealand based Blockchain data firm Brave New Coin to add Bitcoin(BTC) and Ethereum(ETH) indexes to its Global Data Service.
These indices will track the prices of cryptocurrency. These are Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index (ELX). This will offer real-time price updates in thirty-second intervals for clients using NASDAQ’s Global Index Data Service (GIDS) starting from 25th ,February as announced on nasdsaqtrader.com.
Nasdaq’s alert said:
“Both indices are calculated using a methodology that has been independently audited against key IOSCO principles. 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 21014.”
Nasdaq has taken great interest and trying to get deep into cryptocurrency ecosystem by improving the quality of data and price discovery. It is currently providing services to 7 of the cryptocurrency.
Nasdaq CEO Adena Friedman stated complementing the cryptocurrency
“We believe digital currencies will have a role in the future. The extent of its impact will depend on the evolution of regulation and broader institutional adoption.The invention itself is a tremendous demonstration of genius and creativity, and it deserves an opportunity to find a sustainable future in our economy”
What do you think about this addition of the new indexes in Global Index Data Service? Let us know in the comment section below.