American Stock Exchange NASDAQ has started a live listing of cryptocurrencies prices. After two weeks of intense preparations and announcements, the world second largest stock exchange now has real-time and accurate crypto price information on its GIDS – Global Data Service.
This has been made possible with the integration of BraveNewCoin’s [BNC], Bitcoin [BTC] and Ethereum [ETH] Liquidity Indexes (BLX and ELX)
As explained by BNC’s CEO Fran Strajnar, this initiative results from the LX program, deriving from a partnership between NASDAQ and BraveNewCoin. Strajnar would go on to add:
The LX program was born out of a need for clear and transparent price discovery of liquid cryptographic assets and is a bigger need today then it was back in 2015 when we started this program.
According to reports, in addition to BTC and ETH indices, BraveNewCoin will soon launch XRP liquid index, also known as Ripple Liquid Index. In an official announcement, BNC is in “the final stages of producing the RLX [Ripple Liquid Index] and is working with a range of market participants to create custom basket indices“
On a more important note, The ‘LX‘ family of BNC indices has had its methodology independently audited against key IOSCO [International Organisation of Securities Commissions] principles says Strajnar.
Furthermore, Strajnar would go on to affirm that more projects are on the way, he stated:
We are in talks with a range of market participants and hope to be able to share further developments on this front very soon.
As shown in an article of ours, BNC is not the first platform which has set out to launch Ripple Liquid Index. The U.S. based Coinbase pro is already listing XRP on its platform.