Altcoin News: Nasdaq CEO Is Optimistic About Cryptocurrency And Will Add Support for Bitcoin and Ether Cryptocurrency Indices

February 15, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The service for transferring real-time quotes to the Nasdaq Global Index Data ServiceSM (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).

Starting from February 25, GIDS subscribers will also receive information about the movement of Bitcoin and air quotes collected by Brave New Coin, a company working with data in the market of cryptocurrency assets.

The BLX and ELX indices will provide users with information on the value of BTC and ETH, respectively, as well as information about the state of the spot cryptocurrency market in real time.

At their core, indices will use the indicators of the most liquid markets. Information will be updated every 30 seconds. The calculation of the indices will be conducted in US dollars.

“The methodology used to calculate the indices is independently audited for compliance with the principles of the International Organization of Securities Commissions (IOSCO). The data included in BLX covers the period up to 2010, ELX — up to 2015,” representatives of the exchange said.

Brave New Coin also provides data on the cryptocurrency market and publishes important news from the world of digital assets. The company’s clients can use the My BNC application, which consists of a cryptocurrency wallet and management tools that will help in the management of the investment portfolio.

Nasdaq representatives also noted that among the cryptocurrency traders, the BLX index is one of the most widely used. Nasdaq CEO Adena Friedman praised the potential of cryptocurrency index technology from Brave New Coin.

Earlier it was reported that Nasdaq provides its technical solutions to seven cryptocurrency exchanges.

Nasdaq CEO sees great potential in cryptocurrencies

Adena Friedman, President, and CEO of Nasdaq speak at the Davos World Economic Forum, which this year is addressing “Globalization 4.0”. She made some interesting predictions of herself. She said that cryptocurrencies can be global currencies of the future.

While there is a constant back and forth between cryptocurrencies and regulators, institutional investors have been keeping an eye on them for a long time. However, progress has been slowed by late SEC decisions on ICOs and Bitcoin ETFs.

The US government shutdown further delays the entire CTFC and SEC process. Maybe those are the reasons why the crypto market has still not really gained momentum. For the managing director of Nasdaq, however, that does not seem to matter, as she continues to be very optimistic about Bitcoin and other cryptocurrencies.

Before Nasdaq’s leadership prepared for Davos, she made several important predictions. In addition to more upcoming IPOs and the AI, she paid tribute in particular cryptocurrencies. The investment that particularly sophisticated global investors make in crypto confirms their belief in:

“The invention itself is a great demonstration of genius and creativity and deserves the opportunity to find a sustainable future in our economy.”

Nasdaq relies on Crypto. However, Friedman mentions the missing components, these are a clear regulation and implementation. She argues that investors are staying at the gates due to the lack of supervision and regulation. But the change is palpable.

“At Nasdaq, we work to help cryptocurrencies gain investor confidence by providing our technology for matching, clearing and trading integrity for start-up exchanges. We also invested in ErisX, an institutional marketplace for Spot and cryptocurrency futures.“

How cryptocurrencies will develop this year will be seen. The fact that the most important economists in the world include cryptocurrencies in their dialogue and that the second largest stock exchange in the world has also gained a foothold in this area shows that crypto finds its place. The Nasdaq CEO believes that digital currencies will play a role as the global currency in the future.

Author: Marko Vidrih