The second largest stock-exchange market, Nasdaq in association with Brave

New Coin on the 25 th of February, launched the Bitcoin Liquidity Index (BLX)

and Ethereum Liquidity Index (ELX) which is set to monitor and provide “real

time data” in tracking the prices of Bitcoin and Ethereum within a 30 second

interval, on the Nasdaq Global Index Data SeviceSM (GIDS).

About the addition of the two new indices

Quoting Nasdaq from its online platform,

“BLX and ELX are both designed to provide a real-time spot or reference rate

for the price of 1 BTC and 1 ETH respectively quoted in USD and based on the

most liquid end of the market”, and added “Both indices are calculated using a

methodology that has been independently audited against IOSCO (International

Organisation for Securities Commission) principles.”

Taking into account the volatile nature of crypto assets the BNC ‘Liquidity

Index’ (LX) include both qualitative as well as quantitative, factoring on the

stability of the ‘volume, book depth, tick size and other factors’ to calculate a

fair global value for the price of Bitcoin and Ethereum.

The credibility of these two indices lies in the fact 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.”

BLX and ELX as a standard for a universal price benchmark

The CEO of Brave New Coin, Frau Strajnar believes that the inclusion of

regulated crypto indices such as Brave New Coin’s BLX and ELX on theNasdaq Data Service will “provide the pricing benchmark information that

participants in the blockchain and the crypto sector need.”

The methodology employed by BNC for calculating liquid indices brings

transparency to the crypto pricing and in a press release, CEO Strajnar says,

“The LX (Liquid Index) was born out of the need for clear and transparent price

discovery of liquid cryptographic assets and is in a bigger need today than it

was back in 2015 when we started this program.”

Nasdaq’s move of crypto indices inclusion, is key to introducing crypto assets

to traditional stock market investors on Wall Street and elsewhere thereby

ensuring market transparency and driving main-stream adoption of crypto and

blockchain technology.