Nasdaq’s Global Index Data Service to support Ripple (XRP) index from May 1


  • Ripple becomes the third cryptocurrency to added to GIDS after Bitcoin and Ethereum.
  • The XRP Liquid Index (XRPLX) is designed to provide users with spot rate data or reference for rate for XRP price.

The leading stock exchange, Nasdaq has announced that it will be adding one more cryptocurrency to its Global Index Data Service (GIDS). The announcement was made via its partner Brave New Coin based in New Zealand. The “real-time’ index information is scheduled to take off on May 1.

The XRP Liquid Index (XRPLX) is designed to provide users with spot rate data or reference for rate for XRP price which will be quoted in USD while “based on the most liquid ends of their markets.” In a statement released by Brave New Coin:

“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.”

The data reference will be dated back to 2014, besides it is going to be refreshed every five minutes as per the information provided by Nasdaq.

More - Breaking news: Ripple 3% ballistic jump in the wake of Nasdaq’s XRP index launch

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Opportunity in Bitcoin for bargain hunters

First, the strong bullish move yesterday by Bitcoin, which gained more than $1,000 in 60 minutes. The movement has placed the BTC/USD pair above all major moving averages and opens the door to further rises in the absence of relevant resistance.

More Bitcoin News

Ripple’s XRP recovery from April lows marks the beginning to breakout

Ripple has dived massively from the recent highs. The breakout above both the 50 Simple Moving Average (SMA) 1-D and the 100 SMA 1-D propelled XRP past critical hurdles. For the first in 2019, the price exchanged hands above $0.5. 

More Ripple News

Litecoin market overview: LTC/USD oversold and ready to bounce

Litecoin is showing signs of exhaustion from the downtrend experienced from the beginning of July. Recovery to June highs around $146 has been impossible with the path of least resistance having an affinity to the south.

More Litecoin News

Ethereum 2.0 January 3, 2020 launch date remains unconfirmed

The Ethereum ecosystem is preparing for what is known as the biggest milestone for the network, Ethereum 2.0. The new protocol is still in the development stages and researchers have recently told the community that it is possible that there will be a delay in the launch.

More Ethereum News

Bitcoin Weekly Forecast: bulls lick wounds after major sell-off

The cryptocurrency market has lived through a dreadful week as Bitcoin(BTC), and all major altcoins crashed below several important support levels. 

Read the weekly forecast

BTC

ETH

XRP