Breaking: Nasdaq Commences Listing Brave New Coin’s Bitcoin and Ethereum Price Indices ₿💱
Nasdaq, one of the largest US stock exchanges, announced the addition of Bitcoin (BTC) and Ethereum (ETH) price tracking indices to its global news service on February 25.
The Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX) are products of the New Zealand cryptocurrency and blockchain research firm Brave New Coin, which the marketplace began partnering with this week. Indices will offer a base rate of 1 BTC and 1 ETH in USD based on data from the most liquid markets.
The new tools will display changes in real time, and the data will be updated every 30 seconds. Nasdaq representatives assure that the BLX and ELX calculation methodology fully complies with the requirements of the International Organization of Securities Commissions, have existed for a long time and are popular among traders..
Recently, the American marketplace has been active in the crypto industry and blockchain. The company previously announced plans to launch Regulated Cryptocurrency Futures 2.0 together with VanEck in 2019, explores the possibility of adding new data for market analysis and takes part in other significant projects.
Recently, the CFO of the Intercontinental Exchange network of exchanges and clearinghouses reported plans to spend more than $ 20 million to create the Bakkt platform.
text: Ivan Malichenko, photo: thenypost