Nasdaq adds Ethereum and Bitcoin indices to its Global Data Service


One of the biggest exchanges in the world, Nasdaq, is reportedly going to add Bitcoin and Ethereum indices to its global data service by the end of February, 2019.

According to Nasdaq Trader:

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).

Brave New Coin is a New Zealand-based research and blockchain data company that has partnered with Nasdaq on the addition of the two indices.

and the Ethereum Liquid Index (ELX)  and the Bitcoin Liquid Index (BLX) will offer clients information in real time on the Nasdaq Global Index Data ServiceSM (GIDS), as mentioned by Nasdaq in their announcement.

The real-time rate will be for the price of 1 Bitcoin and for 1 Ethereum, quoted in US dollars, with “refreshment” time of 30 seconds.

The methodology that is going to be used by Nasdaq is reportedly handled and audited according to the International Organisation of Securities Commissions (IOSCO) principles.

Nasdaq added that the BLX is calculated as far as 2010, while the ELX – as far as 2014.

As it seems, Nasdaq is going very pro-crypto and pro-blockchain. Such actions by such huge financial players can have a long-lasting positive effect on the development of the crypto market, especially for Bitcoin.

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Nasdaq adds Ethereum and Bitcoin indices to its Global Data Service

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