Nasdaq to launch two cryptocurrency indices on February 25
- The new indices will track Bitcoin and Ethereum prices in real time.
- The Exchange will refresh data every 30 seconds based on the prices on the most liquid markets.
Starting from February 25, Nasdaq Stock Exchange will display Bitcoin and Ethereal quotes, supplied by Brave New Coin, according to the official press release of the venue.
The newly introduced Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX) indices will allow users to monitor the cryptocurrency market dynamics in real-time. The prices will be refreshed every 30 seconds and quoted in USD in accordance with the prices on the most liquid markets.
From the official statement:
"The Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index (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."
"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."
Meanwhile, in January, we saw the launch of cryptocurrency exchange DX.Exchange, based on NASDAQ infrastructure; while a Hong Kong-based digital asset exchange AAX purchased the technology from the London Stock Exchange.
Author
Tanya Abrosimova
Independent Analyst
