NASDAQ adds XRP Liquid Index to its Global Index Service
Leading US Stock Exchange NASDAQ is adding XRP to its list of Global Indices.
After introducing Bitcoin (BTC) and Ethereum (ETH) indices in February this year, NASDAQ is now adding the third largest Cryptocurrency – XRP to its 4000+ global indices. The firm will offer real-time index information in partnership with New Zealand based research firm Brave New Coin starting on May 1st.
The XRP index called XRPLX will provide a spot or a reference rate denominated in USD (every 30 seconds) sourcing data from the “most liquid exchanges by volume and order-book depth”. According to BNC “Current constituent exchanges for the XRPLX include Bitfinex, Bitstamp, Poloniex and Kraken with Coinbase to be added in the next review.”
XRPLX will be added to Nasdaq’s Global Index Data Service (GIDS) and will be independently audited against key IOSCO (International Organisation of Securities Commissions) principles says Brave New Coin CEO Fran Strajnar.
According to Coinmarketcap, XRP is currently valued at $0.30 with a market cap of $12.89 Billion.
Crypto assets are slowly but surely penetrating the traditional financial world, while Fidelity has already launched its Bitcoin trading platform other giants like TD Ameritrade, E*Trade and Nasdaq are preparing to launch Crypto trading services.
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