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NASDAQ RUMOURED BE LISTING RIPPLE(XRP) INDEX

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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. 

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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.

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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

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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

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Posted (edited)
23 hours ago, Hackerpost said:

“We aren’t interested in the noise. We are interested in scale. If we start this initiative with the top five or seven “security coins” by market capitalization, why would we exclude $XRP? There is no good reason to exclude them, at least the way that we are evaluating our work. Look at it this way – there is just as much noise around Bitcoin Cash as there ever has or ever will be around Ripple’s cryptocurrency. And Bitcoin Cash is listed almost ubiquitously across all exchanges. So we see no reason to exclude $XRP. Instead, we’ve learned in and embraced what they bring to the table. You really can’t argue that the firm has a top-notch executive team and is as buttoned up as you will find in crypto.”

 

Confirming the discussions, an employee from Ripple said that:

“Yes, we’ve been in discussions with Nasdaq around their exchange initiative and have been willing to answer any and all due diligence questions. We believe in what we are doing here, our products and services, and $XRP as well. Nasdaq will ultimately be the final arbiter of who gets listed next year, but we believe we will be firmly in that group. Without giving too much away, the excitement around here for where this is headed is pretty fun to watch. The Nasdaq exchange and custody product is going to be something special.”

Edited by PhiGuy

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Posted (edited)
21 hours ago, PactaSuntServanda said:

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

Because it telegraph's legitimacy and credibility to the general public. Perception is reality (Unfortunately).

Edited by PhiGuy

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