• Tue, 20 Aug 2019, 10:16 AM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

Nasdaq to launch Brave New Coin Bitcoin and Ethereum indices on February 25

Thu, 14 Feb 2019, 07:29 am UTC

Nasdaq is going to launch two new indices tracking cryptocurrency prices this month, Cointelegraph reported.

According to an update on Nasdaq’s website, the Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index (ELX) will be launched on February 25.

“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 Service (GIDS),” it said.

BLX and ELX have been designed to provide a real-time spot or reference rate for the price of 1 BTC and 1 ETH respectively, quoted in USD. The indices are 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,” Nasdaq added.

In April 2018, Nasdaq CEO Adena Friedman said that Nasdaq could consider becoming a crypto exchange over time. Reports also suggested that Nasdaq was planning to list cryptocurrencies on its platform in 2019.

More recently, Friedman said that Nasdaq is working to boost investors’ trust in cryptocurrencies by offering its technology for trade matching, clearing, and trade integrity to start-up exchanges.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $10,698.50 (-0.06%)
  • Ethereum (ETH) $197.53 (-1.62%)
  • XRP (XRP) $0.275300 (-3.99%)
  • Bitcoin Cash (BCH) $319.03 (-0.76%)
  • Litecoin (LTC) $75.67 (-2.90%)
  • Bitcoin (BTC) $10,698.50 (-0.06%)
Aug 20, 2019 (Tuesday)
bitFlyer teams up with Tpoint Japan to rollout bitcoin rewards program
Crypto exchange startup INX Limited eyes $129.5M IPO, marking the first SEC-registered security token sale
New York court denies Bitfinex, Tether's lack of jurisdiction claim
Crypto Technicals: BTG/USD recovery lacks traction, weakness likely to continue
Ethereum Foundation launches Korean version of its website, announces large-scale translation program
Crypto exchange BitMEX to block users in from Seychelles, Hong Kong, Bermuda
Cybersecurity veteran David Damato joins crypto exchange Gemini
Deloitte unveils demonstrational platform for blockchain solutions
Crypto Technicals: ETH/USD consolidates break above 200H SMA, potential 'Golden Cross' raises scope for upside
Crypto custodian BitGo poaches new Chief Revenue Officer from rival Xapo
97% of South Korean crypto exchanges on the verge of bankruptcy; blockchain startups now want to go overseas: Report
Philippines' central bank approves 2 new cryptocurrency exchanges
Association of Cryptocurrency Enterprises and Startups, Singapore rolls out new Code of Practice
Aug 19, 2019 (Monday)
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
World Bank raises another $33M for Kangaroo bond via blockchain technology
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Silvergate Bank reveals plans to offer crypto-backed loans this year
Crypto Technicals: IOT/USD bias higher on intraday charts, 'Death Cross' and 21-EMA resistance likely to keep upside limited
Crypto Technicals: BTC/USD breaks above 55-EMA, scope for upside resumption
Binance seeks to empower countries to spur new currencies via new open blockchain project ‘Venus’
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.