According to the latest updates on the website of Nasdaq, the company will be launching two new indices that will be able to track cryptocurrency prices by the end of the month which is what we are reading today in our latest crypto news.
The indices which are Ethereum Liquid Index (ELX) and Bitcoin Liquid Index (BLX) should be launch by February 25 and both of them will offer real-time price tracking and updates on every thirty seconds for all of the clients that use NASDAQ’s Global Index Data Service (GIDS).
Both Bitcoin Liquid Index and Ethereum Liquid Index are a product of the crypto asset market data company Brave New Coin which is based in the United States and is blockchain-based. 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 is going deep into trying to provide crypto-related products and services especially in 2018 when it was most active and most covered on our crypto news website. Back in September for example, the company aimed to add crypto datasets to its market analytics department after people were strongly demanding it. Later the same year, the company announced they would be launching its own Bitcoin Futures sometime soon in 2019.
CEO Adena Friedman stated back in early January, that Bitcoin could become the number one world currency in the near future.
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