According to Bloomberg, this addition is considered the biggest expansion of its crypto data.
On June 9, a global leader in business Bloomberg announced that it will be expanding its industry-leading coverage of crypto-related markets right after introducing data on the top 50 crypto assets to the Bloomberg terminal.
Alex Wenham, product manager for crypto at Bloomberg, stated that worldwide institutional investors are getting more interested in cryptocurrencies every day. Thus, the company will have to figure out how to effortlessly integrate digital assets into its operations. On top of that, Wenhman continued and commented on Bloomberg’s vision:
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“As this market develops, we will continue to evolve our data-driven offerings to help our clients define and develop their strategies in this space.”
In 2018, Bloomberg already had 10 cryptocurrencies in its possession, such as Ethereum (ETH), Bitcoin (BTC), and XRP. The newest addition brings 40 more coins. From now on, as reported in the official statement, financial institutions will be able to access trading and market data.
Users of Bloomberg Terminal are able to monitor pricing for all top 50 crypto assets in real-time by visiting CRYP<GO>.
