Brave New Coin Announces The Launch Of Two Indices On BTSE Digital Exchange

On December 22, 2020, Brave New Coin (BNC), a digital asset data infrastructure firm, announced the launch of two new indices on BTSE, a multi-currency spot, and futures exchange. The two indices are the Blockchain Interoperability Index and the Maker Vault Index. 

About The Brave New Coin Indices

Both of the indices are institutional-grade products that will be available via the BTSE exchange from December 23, 2020. In the future, there are plans to avail them on other BNC partner exchanges. The Maker Protocol, which is governed by MakerDAO is one of the biggest DApps on Ethereum. The Maker Vault Index is a rule-based sector index that will measure the growth of crypto assets locked in the Maker Vaults. It tracks the real-time performance of the eight biggest assets in this vault. BNC has provided a detailed explanation of how the index works. 

Blockchain interoperability is emerging as an important industry. It aims to allow different blockchains to communicate with each other directly. The Blockchain Interoperability Index will measure the growth of projects in the blockchain interoperability space. It will track, in real-time, the market performance of the 10 biggest interoperability crypto assets. Some of the crypto assets included in the index are Cardano (ADA) and Polkadot (DOT). BNC has provided a detailed explanation of how the index works.

Brave New Coin Strengthening Ties With BTSE

At the start of 2020, BNC extended its partnership with BTSE. Under the partnership, BTSE will provide institutional indices that track the real-time performance of digital assets. At the time, they launched a DeFi Index and perpetual swap derivative products.

What The Leaders Had To Say

According to Brian Wong, the Co-Founder of BTSE, 2020 has been a landmark year for the institutional adoption of Bitcoin and other crypto-assets. He said that their suit of tradable indices, launched in conjunction with BNC would provide a convenient and cost-effective method for institutional players and traders to gain exposure to crypto-assets. Wong added,

“The combination of BTSE’s institutional trading engine and BNC’s indexing methodology creates a powerful index product suite to power the growth of digital assets.”

About The BTSE Exchange

BTSE offers traders spot and futures trading. Additionally, it offers multi-fiat on and off-ramps to traders. To offer its services, the exchange combines proven technologies from the institutional investing world with top of the line blockchain-based technology to ensure secure and efficient trading for novice and experienced traders.

About Brave New Coin 

Brave New Coin is a leader in the market provision of market data services as well as institutional-grade indices. Their indices are designed to track the most liquid areas of the crypto industry. BNC was created in 2014. Since then, it has worked hard to create a reputation of objectivity, independence, technical innovation, and robust processes.

The company provides data and index solutions in conjunction with various partners such as Amazon Alexa, NASDAQ, Refinitiv, Dow Jones Factiva, and many others. When people ask Alexa about the price of a given crypto coin, the data is generated from BNC’s data engine.

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