According to a recent report, indices for both B itcoin and Ethereum have been listed on Nasdaq stock exchange’s platform which currently consists 4,000 global indices. Based on the most liquid ends of their markets, Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index ( ELX) make available real-time information on the price of 1 BTC and 1 ETH in terms of the dollar. Both indices were created by Brave New Coin and are programmed to refresh every 30 seconds.

Several Exchanges Provide Data



Nasdaq revealed that for the BLX and ELX to function, they collect data from several exchanges to provide a single price point for bitcoin core and there which assist traders to get in and out of a specific position. Both Nasdaq and Brave New Coin claim that this method has been tested by freelance auditors and against key International Organisation of Securities Commission’s ( IOSCO) principles.



BNC said that:

“The methodology adds to the transparency of pricing crypto assets, a concern that has prevented regulators in approving retail products,”



While announcing the virtual currency indices, Nasdaq said that: “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.”

