Nasdaq To Launch 2 Cryptocurrency Indices This Month.

February 14, 2019

Nasdaq will launch two new indices tracking cryptocurrency prices on Feb. 25, the company announced in an update to its website on Feb. 12.

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.
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.

Nasdaq has taken an increasingly hands-on approach to cryptocurrency-related products and services, particularly over the past year.

In September, the company began looking into adding crypto data sets to its market analytics suite after considerable demand. Later, it emerged its own Bitcoin futures would launch some time in the first half of 2019.

In January, CEO Adena Friedman went on record to state her belief that Bitcoin could become a major world currency in future.

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