BNC Approves Coinbase XRP/USD Market as Pricing Source for XRP Liquid Index (XRPLX)

The BNC Index Governance Committee has approved the reintroduction of the $XRP/USD market on Coinbase as an authorized price source for the $XRP Liquid Index (XRPLX). Based on the approval, the team has made changes to the constituents of the BNC Liquid Index series, and the modification will only apply to XRPLX. According to the announcement, the new XRPLX ticker on NASDAQ GIDS is now INDEXNASDAQ:XRPLX and the Reuters instrument code is XRPINX=BNC.

Recall that the leading crypto exchange Coinbase in San Francisco re-listed $XRP a few hours after US District Judge Analisa Torres declared the coin a non-security. In the ruling, the judge also stated that programmatic sales of Ripple on exchanges and other distributions are not securities.

After this decision, Coinbase and other American crypto exchanges re-listed $XRP for trading. The BNC Index Governance Committee said it has carefully considered liquidity conditions in the $XRP/USD Coinbase market. The Committee has determined that Coinbase $XRP's trading volume and order book depth meet the criteria for its re-inclusion in XRPLX.

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