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The Crypto Index Platform, NASDAQ Launches Bitcoin & Ethereum Indices

Most awaited Nasdaq Bitcoin and Ethereum indices lift off the launch pad this week signaling a step towards mainstream acceptance as well as adoption.

NASDAQ stock exchange thickened its global data service on Monday aiming to include Bitcoin and Ethereum. Earlier this month in the official announcement, Nasdaq stated that it will send real-time Bitcoin and Ethereum index level information on Nasdaq Global Index Data ServiceSM (GIDS).

The service originated in 1971, providing current and historical index data for a diverse suite of Nasdaq Global Indexes. This covers all the geographies as well as multiple asset classes. Eventually, it will include the top two cryptocurrencies, Bitcoin and Ethereum.

The Bitcoin enthusiast and Twitter personality Alex Ziupsnys tweeted on how wide this development will be for general crypto adoption.

BLX is one of the most widely referenced BTC indices as per the exchange operator. This calculation was live in 2010. Similarly, ELX calculation was live in 2014. Both of these utilize the methodology which independently audited against key IOSCO principles.

Future Of Bitcoin

Suppose if Bitcoin gets successful in becoming the world’s reserve currency, then Bitcoin will be worth million of dollars per coin.

Billionaire investors like Warren Buffet are calling Bitcoin a delusion.

If you do something phony by going out and selling yo-yos or something, there’s no money in it — but when you get into Wall Street, there’s huge money.

Adam Draper then eloquently put it as, “I would be bashing Bitcoin if 80% of my money was locked up by banks.”

What is your opinion on the launch of Bitcoin and Ethereum Indices? Share your thoughts on our Twitter

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The Crypto Index Platform, NASDAQ Launches Bitcoin & Ethereum Indices
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The Crypto Index Platform, NASDAQ Launches Bitcoin & Ethereum Indices
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Most awaited Nasdaq Bitcoin and Ethereum indices lift off the launch pad this week signaling a step towards mainstream acceptance as well as adoption.
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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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