Altcoin News: Nasdaq Has Added an Index for XRP

April 30, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The Nasdaq Stock Exchange has added an index to its platform that allows you to track the movements of the third largest cryptocurrency by market cap — XRP.

According to the Nasdaq exchange, the tool is implemented in conjunction with the New Zealand data provider in the blockchain sphere Brave New Coin and will be available from May 1.

XRP Liquid Index (XRPLX) will provide a spot and reference rate of XRP price to US dollar based on data from the most liquid sites on the market.

“XRPLX takes data only from the most liquid exchanges in terms of volume and depth of order books. Currently, that is Bitfinex, Bitstamp, Poloniex, and Kraken. Coinbase will be added during the next review,” representative of Brave New Coin said.

The XRP index will be added to the Nasdaq Global Index Data ServiceSM (GIDS) platform and will allow you to view historical data on the movement of the cryptocurrency exchange rate since 2014.

Earlier this year, Nasdaq added Brave New Coin indexes for Bitcoin and Ether. Also in March, the exchange integrated CoinMarketCap indices, allowing to monitor the behavior of the 200 largest cryptocurrencies with and without Bitcoin.

Author: Marko Vidrih