Nasdaq Plans to Add Bitcoin and Ethereum Indices to Global Data Service

Stock exchange operator Nasdaq has concluded plans that would see it add indices for bitcoin and ethereum to its global data service.

Nasdaq is partnering with New Zealand-based blockchain data and research firm. Brave New Coin, to offer information on the two new indices starting February 25.

Nasdaq added that, the Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index (ELX) will offer “real-time” information on the Nasdaq Global Index Data ServiceSM (GIDS), its consolidated data feed.

Specifically, the BLX and ELX indices will offer a “real-time spot or reference rate” for the price of 1 bitcoin (BTC) and 1 ethereum (ETH) respectively, quoted in USD, and “based on the most liquid ends of their markets.” The data will be refreshed at a frequency of thirty seconds.

Both indices are calculated using a methodology that has been “independently audited” against the International Organisation of Securities Commissions (IOSCO) principles.

Thr exchange operator while speaking on Monday, said: “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.”

Nasdaq has been active in the crypto space in recent times, recall that ij January the firm led a $20 million Series-B funding round of enterprise blockchain startup Symbiont.

More so, in November, 2018, report had it that Nasdaq was partnering with investment management firm VanEck to “bring a regulated crypto 2.0 futures-type contract” to the market in 2019, however, that may still been in plans but nothing has been said since then.

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