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Nasdaq to add XRP index to Global Index Data Service

Carol Gaszcz
New York-based stock exchange Nasdaq has announced it is going to add the real-time Ripple (XRP) index to its Global Index Data Service.The post Nasdaq to add XRP index to Global Index Data Service appeared first on The Block.

New York-based stock exchange Nasdaq has announced it is going to add the real-time Ripple (XRP) index to its Global Index Data Service. The index will be provided by blockchain data and research company Brave New Coin, and will be available from May 1.

“BNC has developed the XRP Liquid Index (XRPLX) to meet the marketplace requirement for a single, reliable and fair USD price for XRP—based on live real-world trading activity,” Brave New Coin writes in a press release. “The index is designed to report a market price at which liquidity could enter or exit an XRP position. The XRPLX captures a comprehensive, global sample of liquidity on the highest volume and quality exchanges.”

Currently, Bitfinex, Bitstamp, Poloniex and Kraken are included in the XRPLX index; Coinbase will be added after review.

The companies first teamed up when Nasdaq launched Brave New Coin’s two indices in February—Bitcoin and Ethereum Liquidity Indexes (BLX and ELX).