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IPFS News Link • Bitcoin

New Bitcoin and Ethereum Liquid Indices go live on Nasdaq


The second largest stock exchange, Nasdaq launched real-time information on two new indices linked to the crypto asset market – Bitcoin and Ethereum. Bitcoin Liquid Index [BLX] and Ethereum Liquid Index [ELX] were incorporated on NASDAQ's platform on 25 February.

NASDAQ in an online statement earlier this month announced,

"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."

The two indices that were developed by Brave New Coin, will procure information and data from various exchanges to render a 'single price point for Bitcoin [BTC] and Ethereum [ETH].'

BLX and ELX  joins the likes of Nasdaq Composite, its main index, and the Nasdaq 100, through its Global Index Data Service.

The end goal is to bolster mainstream adoption by fusing crypto asset indices into traditional entities like the stock market, in turn, garnering greater interest and investments into such assets.

The second largest stock market in the world in 2018, had published analytical reports on Bitcoin [BTC] and collaboration with the investment management firm, VanEck to launch BTC futures – Crypto 2.0.