“NASDAQ to Add XRP Liquid Index”
Nasdaq exchange is adding Brave New Coin’s XRP Liquid Index tomorrow, sending crypto traders into a bull frenzy. The announcement comes within months of Nasdaq adding Brave New Coin’s (BNC’s) Bitcoin and Ethereum Liquidity Indexes – BLX and ELX. They are all part of the Nasdaq Global Index Data Service. The launch of crypto indices is clearly significant because it plays right into the mass adoption of cryptocurrencies. Institutional traders who may have been on the sidelines are being drawn into the space with the launch of each index.
“Coinbase Ventures Invests in Matic Network”
Ethereum-powered layer-two scaling solution Matic Network (MATIC) has today announced Coinbase Ventures, the venture capital arm of top-tier cryptocurrency exchange Coinbase, as an investor in its seed round. Matic Network – which utilizes sidechains for off-chain computation while ensuring asset security using the Plasma framework and a decentralized network of proof-of-stake validators – announced the Coinbase Ventures investment news via their Medium blog.
“ErisX Launches a Spot Exchange”
Aspiring crypto derivatives provider ErisX took one step closer to its ultimate goal Tuesday with the launch of a spot market. The exchange announced that it will immediately support dollar trading pairs with bitcoin, bitcoin cash, litecoin and ethereum, as well as bitcoin trading pairs with the other three cryptocurrencies at launch. While ErisX has a number of firms looking to trade on its platform at launch, it did not disclose any names.
“Bitfinex Plans to Raise $1Billion in an ICO”
Bitfinex, one of the world’s leading cryptocurrency exchanges has been the highlight of the crypto-verse following the NY AG/Tether news. It’s in the spotlight again after news broke out that it was planning an Initial Exchange Offering [IEO], with expectations of raising $1 billion in USDT. Bitfinex is also planning the launch of its own exchange token, reports stated.