NASDAQ HAS ADDED AN INDEX TO TRACK XRP

Today the second largest stock exchange in the world Nasdaq will begin to display the index on the basis of the third capitalization of the digital currency XRP. The index was developed by the New Zealand blockchain company Brave New Coin.

XRP Liquid Index (XRPLX) will be based on the spot prices of the XRP token denominated in the us dollar. Information on the market value of the asset will be delivered in real time “from the most liquid markets”.

“The current components for XRPLX will be Bitfinex, Bitstamp, Poloniex,” representatives of Brave New Coin said.

According to them, Kraken and Coinbase will be added to this list later.

The index will be available on the Nasdaq Global Index Data ServiceSM (GIDS) platform. It will help to track the price dynamics of XRP since 2014.

In February, Nasdaq launched Bitcoin and Ethereum-based indices from Brave New Coin. Already in March, the Nasdaq Global Index Data Service, Thomson Reuters Eikon (Refinitiv) and the Stuttgart stock exchange began displaying indices from the CoinMarketCap service.