The world’s second-biggest stock exchange, the Nasdaq, has integrated the long-awaited and liquid indexes into its GIDS (Global Index Data Service), which offers data receivers either directly or via a third-party supplier, the chance to decrease network, administrative and data center costs by considering one data feed, instead of many.
The stock exchange service, which initially began in 1971, offers current, past and historical index data for the various Nasdaq Global Indexes, which includes all geographies and numerous asset classes. From today onwards, it will include and – the two leading cryptoassets by market cap.
The effort, which was officially
earlier by Nasdaq, is another significant step towards the acknowledgement, recognition and appreciation of as a new asset class, enticing massive institutional investors and giant financial institutions.
“Effective Monday, February 25, 2019, Nasdaq, through its data dissemination relationship with Brave New Coin, will send real-time and index level information on the Nasdaq Global Index Data ServiceSM (GIDS).”
BLX & ELX 24-Hour Price & Volume
For the ETH and indexes, the exchange partnered up with Brave New Coin – the firm that has developed the indices, ELX for and BLX for .
The two newly created indexes fundamentally calculate the price for 1 or 1 ETH using available data from numerous digital currency exchanges like , Bitstamp, Bitfinex and Kraken.
bitcoin to Become a Global Reserve Currency
Crypto enthusiast and twitter maniac, Alex Ziupsnys, remarked on how significant the initiative will be for general digital currency . ETH and prices will start to be displayed in millions of offices and trade platforms worldwide together with flagship products and traditional (fiat) currencies such as USD.
NASDAQ launching its index on its platform today.They are reading the writing on the wall and don’t want to get left behind.
happens gradually right in front of you, until you finally pause, look around, and is the dominant asset.
This is huge.
— Alec Ziupsnys (@AlecZiupsnys)
The exchange operator noted that the Liquid Index and Liquid Index will provide a “real-time spot or reference rate” for and ETH. The data will be refreshed and revitalized at a rate of 30 seconds.
Alec further added that could probably be worth millions of dollars per coin if it achieves its potential of becoming the globe’s reserve currency.
Wolf of Wall Street
Several people think this move should also support the approval of exchange-traded funds, two of which are now undergoing a review by the U.S. Securities and Exchange Commission ().
While multiple institutional investors appear to be preparing to join the and industry, Berkshire Hathaway Chief Executive Officer Warren remains doubtful and skeptical to the extent of calling a “delusion lacking a unique value.” He also said that investing in is
. In his recent CNBC
, agreed that the idea behind and its operations is resourceful, but he still doubts its real value and utility.
Warren obviously hasn’t heard of the Wolf of the Wall Street before, or perhaps he is that Wolf and , which is the currency for the people, is a menace to his billionaire way of life.
Adam Draper expressively highlighted via twitter that:
He is a brilliant investor: 80% of his holdings are banks or financial institutions.I would bash if 80% of my money was locked up by the banks.
— Adam Draper (@AdamDraper)
Published at Fri, 01 Mar 2019 17:09:48 +0000
