XRP Success: NASDAQ Listing Will Bring XRP Massive Institutional Investors
Ripple and XRP have been really successful this year.
The San Francisco-based company managed to bag a lot of partnerships this year, and the firm also made sure to boost the whole XRP ecosystem.
Besides Ripple, Ripple backed-XRPL Labs also made huge efforts to boost XRP adoption.
All that the Ripple and XRP enthusiasts have been waiting for is to see the coin’s price surging.
But in such a volatile crypto market, this did not happen so far.
Some recent good news might boost XRP and might also bring institutional investors to the ecosystem.
Outbitcoinnews reveals that the move made by NASDAQ will definitely bring institutional investors in XRP.
NASDAQ added Brave Coin’s XRP Liquid Index (XRPLX)
NASDAQ has been making a lot of moves that showed increased support for the cryptosphere for a really long time.
NASDAQ has already proven the world that it is becoming more and more fascinated with crypto, understanding that it’s better to ride this wave than fight it.
Starting May 1st, NASDAQ began sending real-time data on Ripple (XRP) via its Global Index Data Service.
The index provides real-time information on rates of 1 XRP with quotes in US dollars. Information on the platform will be updated every five minutes.
The new index is now added in order to meet the demand for a fair USD price for XRP.
The XRPLX captures a global sample of liquidity on the highest volume and quality exchanges.
This is “ideal for settlements and accurate spot pricing, the XRPLX API includes 30-second Intraday pricing, End-of-Day OHLCV, and Time & Volume-Weighted-Averages,” the Daily Hodl noted.
Other NASDAQ listing surfaces
Other than this, NASDAQ listed a blockchain-focused index.
According to the website that we mentioned above, “Defix (DEFX) is the first altcoin index following popular Ethereum-based, decentralized finance projects (DeFi).”
Other than this, Ripple and XRP continue to make important moves in the crypto space and the XRP army of fans are waiting to see the price of this coin surge to the moon eventually.