Bitcoin and Ethereum indices on Nasdaq’s Global Data Service
- Nasdaq partners with Brave New Coin to offer BTC and ETH indices on GIDS.
- The price will be quoted in USD and will be refreshed every thirty seconds.
The leading stock exchange company, Nasdaq has announced plans to include both Bitcoin (BTC) and Ethereum (ETH) to its renowned global data service sometime this month. The support for Bitcoin and Ethereum indices come after Nasdaq has entered into a partnership with a New Zealand-based blockchain data and research company referred to as Brave New Coin.
Brave New Coin will provide data on the two cryptocurrencies from February. The two services Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index (ELX) are designed to provide “real-time” data the exchange’s Global Index Data ServiceSM (GIDS).
In other words, the BLX and ELX will provide users with “real-time” spot or reference rate” in relation to the price of 1 BTC and 1 ETH. The price will be quoted in USD and will be refreshed every thirty seconds.
“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 2014,” Nasdaq said.
Nasdaq has stayed in the limelight of the cryptocurrency space for several years. Its contribution to the market has also been active in the industry. For instance, the firm recently supported Symbiont, a blockchain startup raise $20 billion in its Series-B funding.
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Author
John Isige
FXStreet
John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren
