In today’s Bitcoin news, we have a new report coming from Nasdaq in which the company confirmed the launch of two new indices tracking the cryptocurrency prices on February 25th.
The indices which are the Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index (ELX) will offer real-time price updates in thirty-second intervals for clients using NASDAQ’s Global Index Data Service (GIDS).
BLX and ELX are the product of the United States blockchain and crypto asset market data company Brave New Coin. As Nasdaq explained:
“(BLX and ELX) are each designed to provide a real-time spot or reference rate for the price of 1 BTC and 1 ETH respectively, quoted in USD, and based on the most liquid ends of their markets. Both indices are calculated using a methodology that has been independently audited against key IOSCO principles.”
Nasdaq has also taken a hands-on approach to cryptocurrency-related products and services, especially over the past year.
In September 2018, the company began looking into adding crypto data sets to its market analytics suite after considerable demand.
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