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.
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.