Nasdaq currently sends Bitcoin and Ethereum index levels in real time to its Global Index Data ServiceSM (GIDS) service. On Monday, a week after the Nasdaq announced that it would add new indices to its data set of 4,000 indices, he released the liquidity Bitcoin Index (BLX) and Ethereum Liquid (ELX) from Brave New Coin.
Nasdaq, a leading benchmark for trading and indexing stocks in the US, included BLX and ELX to increase the transparency of cryptocurrency prices.
BLX is a collection of spot prices for bitcoins on the six largest exchanges: Bitfinex, Bitstamp, Coinbase, Kraken, Gemini and itBit.
Brain New Coin CEO Fran Streinar says that proven crypto indexes will provide information on price targets for cryptocurrencies, as the market still shows significant price inequality between exchanges and countries.
“BNC (LX) liquidity indices are partly qualitative and partly quantitative, take into account the stability and quality of the audience, as well as the volume, depth, size of quotations and other factors received from qualified market participants to calculate the fair value of the BTC and ETH price expressed in dollars United States, every 30 seconds. "
The BNC team also says that it is in the final stages of production of the RLX (Ripple Liquid Index) for the XRP, which was included on Monday at Coinbase Pro.
According to the BNC,
"Currently, Coinbase Pro does not form part of the global XRP price, but with enough trading on the exchange, it can become part of the RLX."
Inclusion in the LX indexes managed by Nasdaq adds even more legitimacy to cryptospace and determines how cryptoactives mature and fully integrate into the financial market as the “fourth class superaktiv”.
