Stock exchange operator Nasdaq is adding yet another cryptocurrency index – this time for the world’s third-largest cryptocurrency, XRP.
Specifically, the XRP Liquid Index (XRPLX) will offer a spot or reference rate for the price of XRP, quoted in U.S. dollars and “based on the most liquid ends of their markets.”
The new stream will be available on the Nasdaq Global Index Data ServiceSM (GIDS), its consolidated data feed. The index includes data going back to 2014 and is refreshed every five minutes, Nasdaq said.
The index is calculated using a methodology that has been “independently audited” against the International Organisation of Securities Commissions (IOSCO) principles, the firm added.
Last month, Nasdaq also started offering two benchmark indices covering the top 200 cryptocurrencies by market capitalization – one with bitcoin and the other without – using data provided by CoinMarketCap.
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