Altcoin News: Nasdaq Began to Transfer BTC and ETH Index Data from Brave New Coin

February 26, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The Nasdaq Stock Exchange began to transfer data from two cryptocurrency indexes developed by the American analytical company Brave New Coin, the company reported on its website.

The intention of Nasdaq to integrate Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX) cryptocurrency indices into the Global Index Data service, which supports more than 4,000 indexes, became known in mid-February.

As Brave New Coin notes, the launch of its products on Nasdaq took place on the eve of launching another company index, this time tied to the XRP cryptocurrency rate, which will be called Ripple Liquid Index or RLX.

“The LX program was born out of a need for clear and transparent price discovery of liquid cryptographic assets and is a bigger need today then it was back in 2015 when we started this program”, said Fran Strajnar, CEO of BNC.

In January, Forbes reported that the solution to counter manipulations from the Nasdaq is already being used by seven cryptocurrency exchanges. CEO Nasdaq Adena Friedman in the past spoke positively about the long-term prospects of the cryptocurrency industry.

Author: Marko Vidrih