NASDAQ WILL ADD SUPPORT FOR BITCOIN AND ETHER CRYPTOCURRENCY INDEX
Service for real-time quotes Nasdaq Global Index Data Services (GIDS), which already has more than 40 000 indices, has been supplemented with two new cryptocurrency indices Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX).
From February 25, subscribers of the GIDS service will receive information about the movement of bitcoin and ether quotes collected by Brave New Coin, which deals with data on the market of cryptocurrency assets.
The BLX and ELX indices will provide users with real-time information on the value of BTC and ETH, respectively, as well as information on the state of the cryptocurrency spot market.
At its core, the indices will use the indicators of the most liquid markets. The information will be updated every 30 seconds. The indices will be calculated in US dollars.
Brave New Coin also provides data on the cryptocurrency market and publishes important news from the world of digital assets. Clients of the company can use the My BNC application, consisting of a cryptocurrency wallet and management tools that will help in managing the investment portfolio.
Nasdaq representatives also noted that among cryptocurrency traders, the BLX index is one of the most widely used. Nasdaq CEO Adena Friedman praised the potential of the technology of cryptocurrency indices from Brave New Coin.