Nasdaq Global Index Data ServiceSM (GIDS) to Add Bitcoin (BLX) and Ethereum (ELX) Liquid Index

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.

Latest Coin Analysis:

Bitcoin (BTC), Ethereum (ETH), XRP (Ripple), and BCH Price Analysis Watch (Feb 13th)

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Gabriel Machado
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Coinbase Withdraws From Blockchain Association Shortly After Binance.US Joins

Coinbase withdraws from the blockchain lobbyist group a day after Binance.US, Binance’s American wing, joined the group. In a report first published by The...

Russian Monitoring Agency Develops Blockchain Analysis Tool To Track Bitcoin And Monero

A report from local news channel RBC confirmed on Tuesday Russian intelligence unit, Rosfinmonitoring, (Russia’s Federal Financial Monitoring Service), has proposed a cryptocurrency monitoring...

Bitcoin & Gold Crashes as S&P 500 Races towards All-Time High

After making a bullish start of the week, by surging past $12,000 only to drop, bitcoin is continuing its descent. The largest digital asset...

With A Troubled Past, Are Cryptocurrency Cards Worth the Risk to Push Adoption?

Crypto debit cards were looked at as the next big move for broader crypto adoption and involvement of mainstream players like Visa in the...

Billion Dollar Publicly-traded MicroStrategy Buys 21,454 Bitcoin as a Reserve Asset

MicroStrategy is now taking a deep dive into the world of bitcoin. The $1.2 billion Nasdaq listed software company has officially announced its position in...

How Will Crypto Cope In Regulation-Friendly State Belarus After Lukashenko’s Protested Presidential Win?

Crypto-friendly state Belarus faced a nation-wide internet blackout on Monday after a hotly contested presidential election on Aug. 9. The country has been facing...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today