Ripple's XRP Index (XRPLX) to Be Added by Nasdaq to Its Global Data Platform

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Tue, 04/30/2019 - 10:34
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Yuri Molchan
👉Nasdaq stock exchange is about to add an XRP index in cooperation with NZ-based Brave New Coin (BNC)
Ripple's XRP Index (XRPLX) to Be Added by Nasdaq to Its Global Data Platform
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On Monday, Nasdaq made the announcement that is it about to add another crypto index as part of its cooperation with Brave New Coin (BNC) – a blockchain researcher located in New Zealand. It will trace XRP, the world’s third largest crypto asset, according to CoinMarketCap.

The index, which will offer real-time data on XRP, will launch on May 1.

The index will offer XRP-data from top exchanges

The XRP Liquid Index (XRPLX) will ensure traders get crucial data about the XRP price. Nasdaq and Brave New Coin promise that the data will be taken only from exchanges with the highest liquidity volumes, such as Bitfinex, Poloniex, Coinbase and a few others.

The new index will be presented on Nasdaq’s Global Index Data Service. The new XRP index will work with data starting from 2014 and will be renewed every few minutes.

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Brave New Coin indexes on Nasdaq

Nasdaq already has 4,000 indexes. The company first teamed up with Brave New Coin in late winter 2019. Back then, it added two indexes from BNC based on Bitcoin (BLX) and Ethereum (ELX).

The new XRP index will be calculated through an independently audited method, Nasdaq reps stated.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.