Nasdaq’s New BTC and ETH Indices Providing Real-Time Price Data has Launched
According to a recent report, indices for both B
Several Exchanges Provide Data
Nasdaq revealed that for the BLX and ELX to function, they collect data from several exchanges to provide a single price point for bitcoin core and there which assist traders to get in and out of a specific position. Both Nasdaq and Brave New Coin claim that this method has been tested by freelance auditors and against key International Organisation of Securities Commission’s ( IOSCO) principles.
BNC said that:
“The methodology adds to the transparency of pricing crypto assets, a concern that has prevented regulators in approving retail products,”
While announcing the virtual currency indices, Nasdaq said that: “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.”
Making Crypto Available for Mainstream Audience
This latest move by Nasdaq is viewed as very important in the introduction of cryptocurrency to traditional stock market investors on Wall Street and elsewhere thereby promoting its adoption. Nasdaq has dived into crypto assets starting with the publication of analytical reports on Bitcoin and forming a partnership with Vaneck to start BTC futures trading despite the fall in price last year.
The Bitcoin and the
