One of the biggest things in the way of cryptocurrency adoption, has just been removed by one of the world's largest stock markets, Nasdaq.
It was announced yesterday about two crypto price indices that provide a real-time position of reference prices for both Bitcoin and Ethereum by the US stock market.
Bitcoin Liquid Index and Ethereum Liquid Index are both indexes that draw price data from multiple exchanges to give viewers a single price point for Bitcoin and Ethereum. Nasdaq has assured that independent auditors have verified their method of obtaining and collecting price data to present the best USD equivalent of cryptos.
According to the exchange Bitcoin Liquid Index is one of the most referenced BTC indexes among crypto dealers and has been calculated back to 201
The exchange continued to say that at the same time, the Ethereum Liquid Index price data goes back The 2014 algorithm was created by New Zealand's blockchain research firm Brave New Coin, which updates the price data regularly, every thirty seconds to be specific.
The US Stock Exchange has said their Independent auditors have verified both floating indices against the critical principles proposed by IOSCO, for those who do not know, the International Organization of Securities Commission (IOSCO) regulates futures and securities markets around the world
– Roland (@rolandstautz) February 14, 2019
Looking at the bigger picture, the movement can lead to resolving the regulator's concerns over a newly made Bitcoin trading derivative. One good example is the SEC had continuously rejected applications from nine Bitcoin ETFs over the fear of manipulation.