Nasdaq Set To Add Bitcoin (BTC) and Ethereum (ETH) Indices To Global Data Service
Nasdaq, one of the largest stock exchange operators in the financial world, has decided to add indices for Bitcoin (BTC) and Ethereum (ETH) to its global data service. The initiative is set to become a reality before the end of the month.
This will be made via a partnership with Brave New Coin, a blockchain data company based in New Zealand, which will be responsible for indices. They will be called Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX) and will offer the information in real-time using the feed from Brave New Coin.
According to the announcement, these indices will offer reference rates for the price of 1 BTC and 1 ETH, which will be quoted in USD and refreshed every 30 seconds in order to always keep the clients informed. Nasdaq affirms that these two indices are very old and reliable. BLX has been used since 2010 and ELX since 2014.
Nasdaq And The Crypto World
Recently, Nasdaq has been turning its eyes to the crypto market, which includes investing in crypto startups. For instance, just last month, the company led a $20 million USD Series B funding round for Symbiont, a new blockchain enterprise.
The company has also partnered with VanEck, the company that is trying to make the Bitcoin exchange-traded fund (ETF) a reality, in order to bring a regulated crypto 2.0 future contract into its own market this year. However, not a lot of information about this deal has been sent to the media.
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