NASDAQ Soon to Add Two Cryptocurrency Tracking Indices
By Tyler Smith – Cryptocurrency Investor
The second largest stock market, Nasdaq, is reportedly to increase its cryptocurrency offering with Bitcoin and Ethereum Indices tracking the assets. These indices will provide real-time updates on the price of the assets every 30 seconds for those clients using Nasdaq’s Global Index Data.
The Bitcoin Liquid Index (BLX) will be tracking Bitcoin with data from the firm Brave New Coin. Users will be provided with an insight to the most liquid markets to buy and sell Bitcoin tracking the price of a whole coin.
Nasdaq can also be used to help decide when to buy Ethereum by tracking its price with the Ethereum Liquid Index (ELX). These two cryptocurrencies were chosen due to their popularity and how developed the projects are.
Many cryptocurrency investors believe more products on the market around the asset will help drive adoption as institutions may start to invest and buy crypto. Nasdaq are introducing the indices due to progressive interest in crypto from investors. They are one of the financial institutions welcoming the adoption of cryptocurrencies and believes it “deserves an opportunity to find a sustainable future in our economy”
We will now wait and see Nasdaq’s progression to understand how they are adopting cryptocurrency within their traditional financial systems. Nasdaq are reported looking to release a Bitcoin futures product following the submission of the Chicago Mercantile Exchanges (CME) and the Chicago Board Options Exchanges (CBOE) futures product.
At BC Bitcoin, we provide a unique service for buying cryptocurrency UK so check out our platform for your Bitcoin investment.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards