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

News
Tue, 04/30/2019 - 10:34
Yuri Molchan
👉Nasdaq stock exchange is about to add an XRP index in cooperation with NZ-based Brave New Coin (BNC)
Cover image via commons.m.wikimedia.org
Contents

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.

Related
Reddit Users Indignant at KYC, Saying It Makes Crypto No Better Than Fiat

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.

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

About the author

Yuri is a 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. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy