The second largest stock exchange in the world, Nasdaq, will begin to display an index based on the third-largest digital currency XRP, reports CoinDesk .
The index is developed by the New Zealand blockchain-company Brave New Coin. It will launch on the Nasdaq on May 1st.
The XRP Liquid Index (XRPLX) will be based on spot prices of the XRP token nominated in US dollars. Information about 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 ," said representatives of Brave New Coin.
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. With it, you can track the price dynamics of XRP since 2014.
Recall that in February, Nasdaq launched bitcoin-based indices and Ethereum from Brave New Coin. Already in March, the Nasdaq Global Index Data Service platform, Thomson Reuters Eikon (Refinitiv) and the Stuttgart Stock Exchange began to display indices from the CoinMarketCap service .
Also earlier, BlockchainJournal reported that Nasdaq allegedly tests the possibility of trading in bitcoin derivatives .
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