NASDAQ RUMOURED BE LISTING RIPPLE(XRP) INDEX

[Hackerpost]

https://hackerpost.co/nasdaq-rumoured-be-listing-ripplexrp-index/

[Kpuff]

It’s not really a rumor it actually is in the works. From what I’ve read they want the volume to increase on xrp before making that happen 

[xrphilosophy]

Yeah I think it is being assembled, and soon to be completed one business article stated earlier in the week.

[Guest]

Could anyone please explain me why everyone is so hyped about those indices?

[VanGogh]

12 minutes ago, PactaSuntServanda said:

Could anyone please explain me why everyone is so hyped about those indices?

There are trillions of dollars in retirement accounts on indices like the Nasdaq. Eventually hedge funds, etc. will be able to invest some of those retirement funds in XRP en-masse. 

[Guest]

1 hour ago, VanGogh said:

There are trillions of dollars in retirement accounts on indices like the Nasdaq. Eventually hedge funds, etc. will be able to invest some of those retirement funds in XRP en-masse. 

But for now we're just talking about the liquid index right? The article states the following: The Liquid Index from BNC gives ongoing data on the costs.

[Archbob]

Not really a rumor, its basically been confirmed.

[xrphilosophy]

The indices are part of the regulatory infrastructure of information which institutions and investors require in order to enter the markets.  It's a piece of many pieces of information so unto it's own is not a game changer, but it is showing everyone out there who is interested in the market that "this market is legitimate, regulated, trustworthy etc).  XRP is worth investing in because it's on the "ok" list.That's why the Liquid Index is so important.  For you and me - it means nothing.

 

 

Edited March 2, 2019 by xrphilosophy

[BruceWhale]

14 hours ago, Kpuff said:

It’s not really a rumor it actually is in the works. From what I’ve read they want the volume to increase on xrp before making that happen 

If you're right they would list XRP when a bullrun happen : nasdaq + fomo = Epic candles

[Kpuff]

1 hour ago, codiusrex said:

Can we get a source that doesn’t have the term “hacker” in the URL? Serious investors want to diversify but not that bad. 

Here you go 

https://dapplife.com/ripple-xrp-rlx-indices-on-nasdaq-are-in-sight/

[Kpuff]

3 hours ago, BruceWhale said:

If you're right they would list XRP when a bullrun happen : nasdaq + fomo = Epic candles

That would be awesome the bad thing is they will most likely do it before the bull run so that it doesn’t affect prices too much but I hope you are right

[xrphilosophy]

https://bravenewcoin.com/enterprise-solutions/indices-program

http://www.nasdaqtrader.com/TraderNews.aspx?id=fpnews2019-3

https://bravenewcoin.com/insights/nasdaq-listing-of-bncs-bitcoin-and-ethereum-liquidity-indices-goes-live

[VanGogh]

1 hour ago, PhiGuy said:

custody product is going to be something special.”

This part also is a very big deal. Insurance companies such as Loyds of London are beginning to create  solutions for digital assets too. Custody solutions and insurance by companies with solid reputations will open doors for average citizens to feel comfortable investing or have their brokers invest a portion of their retirement into this new asset class. Even if only 10% were to come into digital assets from the hedge funds that would be tremendous. 

[Archbob]

Guys, its a liquid index, it won't do anything to the price right now, just like how the Bitcoin and ETH didn't do anything when they got added a few days back.

[Sharkey]

8 hours ago, Kpuff said:

Here you go 

https://dapplife.com/ripple-xrp-rlx-indices-on-nasdaq-are-in-sight/

Thanks, @Kpuff....This is encouraging: 

"Ripple, led by the CEO, Brad Garlinghouse, is at the forefront of fintech development in the incredibly profitable cross-border payment space. The deep connections between Ripple and major financial institutions, such as American Express, Santander or Standard Chartered, mean it is likely to retain its enviable position as the bridge between the brave new world of cryptocurrency and the staid old world of traditional finance.

Whenever crypto finance critics, like Warren Buffett, cast doubt on the long-term potential of something within the blockchain space, they typically point to a lack of real utility underlying the value of digital assets. However, it’s clear that central banks and major financial institutions recognize Ripple has incredible utility value."