PHOTO SOURCE: NEWS.BITCOIN.COM
The US Nasdaq stock exchange launched the Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index (ELX) on 25 Feb 2019 to provide traders access to real-time price information based on data from multiple exchanges, News.bitcoin reported.
According to News.bitcoin, the indices- developed by market data firm Brave New Coin- will be updated every 30 seconds.
The chief executive officer of Brave New Coin, Fran Strajnar said:
"The crypto derivative wave is inevitable... there’s going to be a rush to produce all manner of financial instruments, which the institutional users have been asking for, for almost 3 years now."
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