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Nasdaq Officially indexes Ripple (XRP) Price

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Nasdaq will, in the future, the XRP price in real-time mapping. As the company officially notifies, to the “XRP Liquid Index” in the future, in real time, as the price for XRP in dollars. Wants to refer the company to the data obtained from the “highly liquid” markets.

Nasdaq is working with IOSCO-compliant procedures

Such as the Nasdaq further reports, used for the illustration of the Ripple price (XRP) will be an independently verified process that complies with the IOSCO principles. Thus, the Ripple of the course comes in the best society. In the context of previous Indexes listed on the electronic stock exchange, already the Bitcoin price and the Ether-course.

Indexing of Ripple price (XRP) builds on existing cooperation

Nasdaq gets its information from the Blockchain analysis company Brave New Coin from New Zealand. The price indices are to be renewed every five minutes. Your Partner is Brave New Coin provides various cryptographic services. In addition to the Blockchain and crypto-analysis of data, the company has, according to the Homepage, a Portfolio Manager, as well as a Newsfeed. The company exists since 2014 and wants to ensure greater transparency in the crypto-market.

Finally, the company informs that the Index from 1. May should be available. For an accurate Overview to provide Nasdaq data to the Ripple rate of up to 14. August 2014 analyzed.

NASDAQ

The US company is considered to be the largest electronic stock exchange in the United States, measured by the number of companies listed there. The stock market has been in place since 1971, the Name is an acronym of National Association of Securities Dealers Automated Quotations.

In addition to the currently increasing indexation of cryptocurrencies and their rates, such as the Bitcoin price and the Ether-course, the company had already announced last year the launch of Bitcoin Futures. Up to the present time, those contracts were, however, not to the Public.

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About the author

Belinda Carey

Belinda Carey

A finance girl by education, Belinda has been drawn to cryptocurrencies ever since Bitcoin first emerged in the 2009. Nearly a decade later, Belinda is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies.