Update To The Constituents Of BNC Liquid Index Series 9th May 2019
Brave New Coin Index Governance Committee announces the following changes to the constituents of the BNC Liquid Index Series. This change will affect the Bitcoin Liquid Index (BLX), Ethereum Liquid Index (ELX) and XRP Liquid Index (XRPLX).
Due to concerns about price disparity and a lack of transparency at the Bitfinex exchange, Brave New Coin has decided to remove Bitfinex data from its Bitcoin, Ethereum and XRP Liquid Indices pending further review.
It has been decided that the Bitfinex USD trading premium in combination with a lack of transparency around the exchange’s circumstances calls for a suspension of Bitfinex from all LX products.
Suspension meaning
The Bitfinex constituents will be excluded from the LX series. Data will continue to be collected and reassessed as a part of the ongoing LXGP monitoring and review agenda.
Please see the below public release for full details on this announcement.
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