Nasdaq Begins Listing Brave New Coin’s Bitcoin and Ethereum Price Indices

By William Suberg

Nasdaq had begun live listings of two cryptocurrency price indices from United States blockchain and crypto market data company Brave New Coin (BNC), the latter confirmed in a post on Feb. 26.

Originally announced earlier this month, the integration of BNC’s Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX) will open up new data for clients using Nasdaq’s Global Index Data Service (GIDS).

The move comes ahead of BNC’s plans to launch a separate index tracking the price of Ripple (XRP). The token launched on U.S. cryptocurrency exchange Coinbase Pro Tuesday, but it remains unknown whether Nasdaq will host the index, which is in the final stages of development.

“The LX [Liquid Index] 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,” BNC CEO Fran Strajnar commented in the post.

Crypto Tees
As Cointelegraph reported, Nasdaq’s own suite of cryptocurrency-related technology products is seeing increasing popularity.

In particular, the company revealed last month that seven exchanges were using its market monitoring tool, which helps track illegal market activities taking place via order books.

CEO Adena Friedman has also publicly stated her belief in the long-term viability of servicing the cryptocurrency industry.

 

Article source: https://cointelegraph.com/news/nasdaq-begins-listing-brave-new-coins-bitcoin-and-ethereum-price-indices


Disclaimer: Mybitcoinshirts.com does not create any content. We share daily crypto articles in our almanac collection so our customers can receive update information regarding cryptocurrencies. This information we share is public available on Google.com. We do not give any financial advise, please do your we own research.  

Leave a comment

Name .
.
Message .