Ripple XRP on Nasdaq!

After weeks of no real news on Ripple’s XRP coin and no decent price shifts. We finally have some concrete signs the first wave of MEGA money is about to flood in.

XRP on Nasdaq!!

Finally, some awesome XRP news to report. The world-famous US stock exchange Nasdaq is adding Ripple’s XRP cryptocurrency to its index.

In an official announcement earlier today. The worlds third largest crypto token has been handpicked along with two other altcoins.

“The XRPLX captures a comprehensive, global sample of liquidity on the highest volume and quality exchanges. Ideal for settlements and accurate spot pricing, the XRPLX API includes 30 second Intraday pricing, End-of-Day OHLCV and Time & Volume-Weighted-Averages.”

- Nasdaq Blockchain Partner - Brave New World

Nasdaq will work with partners Brave New Coin, a blockchain data and research firm based in New Zealand.

Also in the announcement was the official launch date of May the 1st so pop it in your diary 😉

Other Crypto’s on Nasdaq

The seriously exciting move is the third cryptocurrency addition to the list. Earlier this year Nasdaq, via Brave New Coin also indexed Bitcoin and Ethereum.

What the cryptocurrency world has been waiting for is official adoption by institutional money. Once the worlds financial advisors start to invest it will explode.

This positive move in the direction of cryptocurrencies means big things, especially for XRP.

XRP on Nasdaq | Announcement

Named the XRP liquid Index, XRPLX for short it will give real-time price reference on XRP in USD value. The data stream can be found on the Nasdaq Global index Data Service and will hold data from as far back as 2014.

“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.”

- Brave New Coin Official Statement

Expect astronomical movement and seismic shifts in the price of XRP and the other top ten cryptocurrencies when the big money starts to invest.

Remember where you were when you read this when you are sipping champers in the Bahamas in 3 years 🙂

Further reading here