NASDAQ announces launch of bitcoin and Ethereum indices from Brave New Coin

Posted 13 February, 2019

NASDAQ Stock Exchange has announced an expansion of its Nasdaq Global Index Data ServiceSM (GIDS) that tracks cryptocurrency quotes in real time with two crypto indexes. The new instruments will become available in late February.

Nasdaq will start supplying the service subscribers information about bitcoin and Ethereum price fluctuations provided by Brave New Coin, which deals with data in the cryptocurrency markets. 

The two indexes are Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX). Both of them are designed to provide real-time information on the state of the cryptocurrency spot market with the reference rate for the price of 1 BTC and 1 ETH, respectively.

The launch of the indexes is slated for February 25 2019, as the announcement reads.

"Both indices are calculated using a methodology that has been independently audited against key IOSCO principles. 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," according to the the exchange official notification.

The quotes will be in US dollar terms and based on the indicators of the most liquid markets. The figures will be updated every 30 seconds.

Previous story

13 February, 2019 16:17

← MUFG: blockchain-based network for payments to go live in H1 2020

The major Japanese financial group and the world top-5 bank in terms of assets – Mitsubishi UFJ Financial Group (MUFG) – announced the launch of a blockchain-based payment network in 2020. The new platform called Global Open Network will be able to process more than one million transactions per second, as the MUFG spokesperson noted. The companies are also planning to power it by the Internet of Things (IoT) and Akamai’s cloud platform.

MUFG: blockchain-based network for payments to go live in H1 2020

Next story

13 February, 2019 13:58

Money transfer solution SendFriend gets funding from Ripple and Barclays →

SendFriend, a remittance startup from New York which uses XRP tokens to perform international money transfers managed to get $1.7 million financial backing from Barclays Bank and Ripple company. The startup will initially focus on labour migrants from the Philippines who regularly conduct remittances to their homeland from the USA. SendFriend claims that its commissions will be 65% below the average in the traditional cross-border transfer industry. 

Money transfer solution SendFriend gets funding from Ripple and Barclays
Write a comment
 
Prove you’re not a bot + 13 = 20