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Nasdaq, will list two new indices from 25th February it announced on its website this week, saying, “Effective Monday, February 25, 2019, Nasdaq, through its data dissemination relationship with Brave New Coin, will send real-time Bitcoin and Ethereum index level information on the Nasdaq Global Index Data ServiceSM (GIDS)

The indices are respectively the Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index (ELX) and they will provide traders with real-time price updates in thirty-second intervals via its Global Index Data Service.

BLX and ELX are the products of the cryptocurrency market data company Brave New Coin, which is a US based blockchain firm.

Nasdaq had this to say about the new indices: “BLX and 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,” and added, “Both indices are calculated using a methodology that has been independently audited against key IOSCO principles.”

Since late last year, Nasdaq has shown that it is willing to take a more inclusive approach to crypto assets. For example, in September it started investigating ways of adding crypto data sets to its market analytics suite after considerable demand from its users. It also revealed that at some time during 2019 it would launch a Nasdaq bitcoin futures, and at the beginning of 2019, its CEO Adena Friedman voiced her opinion that bitcoin would become a major world currency at some point in the future.

It looks like Nasdaq has begun the work of firming up its relationship with crypto assets and that we’ll see much progress at this exchange during the coming months.

What is Nasdaq?

Nasdaq explanation courtesy of Cointelegraph

The National Association of Securities Dealers Automated Quotation is the full name of the Nasdaq exchange, one of the largest electronic platforms in the world. Founded in 1971, it is headquartered in New York. The main area of the exchange concerns stocks of high-technology companies which specialize in creating software, electronics, devices, etc. The company’s activity is regulated by the American Security and Exchange Commission (SEC).

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