According to the announcement, this event of development is a component of Nasdaq’s data dissemination ‘collaboration‘ with the cryptocurrency analytics firm ‘Brave New Coin’. The firm would reportedly transfer its real time XRP index level data on the Nasdaq GIDS [Global Index Data Service SM]. Within an another separate ‘announcement‘, Brave New Coin added:
“The XRPLX sources info from solely the foremost liquid exchanges by volume and order-book depth […] Current constituent exchanges for the XRPLX embrace Bitfinex, Bitstamp, Poloniex and Kraken with Coinbase to be listed within the next review. ”
As per the dedicated ‘web-site‘, GIDS is a service reaching to offer real time values for its indexes and listed ETPs, whereas Nasdaq additionally compiles and delivers weightings and components info, corporate actions as well as breadth of additional information.
As ‘reported‘ earlier in March, CoinMarketCap declared that it’ll launch two ‘cryptocurrency‘ benchmark indices on Nasdaq’s Global Index Data Service, Bloomberg Terminal, Thomson Reuters Eikon and Borse Stuttgart.