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Nasdaq has announced they have partnered with blockchain data and research company Brave New Coin and plan to add indices for bitcoin and ethereum later this month.

The Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index (ELX) “are each designed to provide a real-time spot or reference rate for the price of 1 BTC and 1 ETH respectively, quoted in USD, and based on the most liquid ends of their markets,” Nasdaq explains.

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“Both indices are calculated using a methodology that has been independently audited against key IOSCO principles.”

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.

Last month, Nasdaq, Citigroup Inc., and several others led a $20 million funding round of blockchain start-up, Symbiont.

The New York-based company, Symbiont.io, applies blockchain technology to capital markets, and has developed its own blockchain, called Assembly, allowing financial institutions to utilize to share and verify data.

In November, Nasdaq announced a partnership with VanEck to “bring a regulated crypto 2.0 futures-type contract” sometime this year. However, no further specifics have been disclosed on the potential contract since then.

Stay tuned to BlockchainDaily.News for further developments regarding Nasdaq’s blockchain plans.

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