Nasdaq confirmed to launch additional indices for tracking the rates of cryptocurrency, namely BTC and ETH.



Later this February, a collaboration of Nasdaq, New Zealand-based blockchain data and Brave New Coin, a crypto-asset market-data company, will provide information on the indices.



These indices are Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX). It offers ‘real-time’ update of the consolidated data with thirty seconds recession for the Nasdaq Global Index Data Service’s (GIDS) clients. It explained by Nasdaq that the price of one bitcoin and one ethereum respectively will be the reference rate, and is based on the most liquid ends of the markets.



A methodology that has been ‘independently audited’ is used to calculate these indices which are in line to the principles of IOSCO or Organization of Securities Commission. It guarantees the equality, efficacy, and transparency of the markets used.



Back in 2010, the Bitcoin Liquid Index (BLX) is calculated and is known as one of the most widely-referenced bitcoin indices while the calculation for the Ethereum Liquid index was in 2014.



With the stock exchange operator’s pro-active attitude, it serves as a dynamo in the financial market. It dominates the industry of cryptocurrency, blockchain space, and several significant company investors. Symbiont, an enterprise blockchain startup, led a $20Million Series-B funding last month.



To ‘bring a regulated crypto 2.0 futures-type contract’ to the market this year, Nasdaq together with VanEck, an investment management firm, join forces way back November 2018. The details on this team up remained silent up to this date.

