Stock exchange operator Nasdaq announced plans to add bitcoin and Ethereum indices to its global data service later this month. In the company’s Tuesday announcement, Nasdaq said it partnered with New Zealand-based blockchain data and research firm Brave New Coin to offer information regarding the two indices beginning Feb. 25.
According to Nasdaq, the Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index (ELX) will offer “real-time” information on the Nasdaq Global Index Data ServiceSM (GIDS). The BLX and ELX indices, specifically, will offer a “real-time spot or reference rate” for the price of 1 bitcoin (BTC) and 1 ethereum (ETH), and “based on the most liquid ends of their markets.”
“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,” the exchange operator stated. Both indices are calculated by using a methodology that has been “independently audited” against the International Organization of Securities Commissions (IOSCO) principles, as Coindesk reports.