The Nasdaq Stock Exchange will add the bitcoin and ethereum price indices

The Nasdaq Stock Exchange will add the bitcoin and ethereum price indices
Abstract

Nasdaq announced on Feb. 12 that it will add two new indicators for Ethereum and Bitcoin digital currency prices.

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Nasdaq announced on Feb. 12 that it will add two new indicators for Ethereum and Bitcoin digital currency prices.
 

The index, which is introduced as the Bitcoin Liquidity Index (BLX) and Ethereum Liquidity Index (ELX), provides a price update instantaneously for customers within 30 seconds using the Global Index Service (GIDS).
 
In fact, the BLX and ELX Indices are the American Digital Asset Markets and the New York-based Brave New Coin.
 
On the site of Nasdaq said:
 
The BLX and ELX indicators are designed to provide spot or reference prices for the 1 Bitcoin and 1 Ethereum versus the dollar, based on the liquidity of their markets.


 
Nasdaq continued, explaining:
 
The method of calculating both indicators is evaluated and carefully reviewed by the key rules of the International Commission on Securities Commissions.
 
Nasdaq continues its active role in obtaining products and services related to digital currencies, which has been launched specifically since last year.

In September, last year, Nasdaq began to add a set of digital currency data in response to strong demand, following its market analysis. The Nasdaq Stock Exchange then announced that it will add to its market futures for Bitcoin in the first half of 2019.

In January, Nasdaq Stock Exchange director Edna Friedman announced that he believed that Bitcoin would become one of the great global currencies in the future.

Source: cointelegraph

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