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Nasdaq Adds XRP Liquid Index; Cryptocurrency Reacts With Price Plunge

30 April 2019 17:01, UTC
Nasdaq Adds XRP Liquid Index; Cryptocurrency Reacts With Price Plunge

The Nasdaq Stock Exchange announced that it is introducing the XRP Liquid Index (XRPLX) to its global data service, as is stated on the website of the company. XRP cryptocurrency reacted with the rate plunge by almost 4%.

According to the announcement, these actions are one of the points of the Nasdaq partnership agreement with the cryptanalytic company Brave New Coin. It is reported that the company will send information about the level of the XRP index in real time to the Nasdaq Global Index Data Service SM (GIDS). Representatives of Brave New Coin commented on the partnership:


“The XRPLX sources data from only the most liquid exchanges by volume and order-book depth [...] Current constituent exchanges for the XRPLX include Bitfinex, Bitstamp, Poloniex and Kraken with Coinbase to be added in the next review. ”

GIDS is a service the aim of which is to provide real-time values for indexes and listed ETPs. Earlier, in February of this year, Nasdaq already listed Bitcoin Liquidity Index (BLX) and Ether Liquidity Index (ELX) from Brave New Coin.

Image courtesy of Agbrief



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