The Possible Launch of Ripple Liquid Index Fund (RLX) by NASDAQ

The fastest growing digit currency which is also known as cryptocurrency has successfully managed to get listed in American stock exchange NASDAQ. On February 25, 2019, NASDAQ announced to launch Bitcoin and Ethereum liquid indices on its platform. The launched has been made in association with Brave New Coin which is the blockchain data and research company. On Feb 26, 2019, Ripple Liquid Index Fund (RLX) is in its final stage of developing, so a Ripple Liquid Index Fund could come sooner than we’d expect .

Brave New Coin will provide the final price of both cryptocurrency Bitcoin and Ethereum. The final data provided is based on several factors such as stability, book depth, volume, ticket size, etc. In every thirty seconds, both indices will refresh their data that helps to provide more transparency in the rate of crypto assets.

RLX “Ripple Liquid Index Fund” will launch within fifteen days of its announcement. Brave New Coin is making their efforts with several other market participants to launch many other custom basket indices. On Feb 25th, 2019 XRP was officially listed on Coinbase Pro which is the platform for experienced and professional traders with three different pairs that are:

XRP/USD

XRP/EUR and

XRP/BTC

Fran Strajnar the CEO of Brave New Coin (BNC) remarked the launch of Ripple Liquid Index Fund (RLX) as “The LX program was born out of a need for clear and transparent price discovery of liquid cryptographic assets and is a bigger need today than it was back in 2015 when we started this program”.

Something is mentioned on BNC official website listing that “ This institutional endorsement is what investors have been waiting for NASDAQ has planned to launch a bitcoin futures market alongside Intercontinental Exchanges (IEC) Bakkt futures market which was due to launch on its platform on January 23 but has since been pushed back to an undetermined date in Q2 2019”.

 

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