Bloomberg terminals expands crypto coverage to top 50 coins
06:42, 10 June 2022
Crypto’s evolution from ‘dark and dingy spaces’ to corporate boardrooms has reached a nadir with the news that institutional stalwart Bloomberg Terminals is ramping up its crypto coverage.
The squat black terminals are an ever present on the trading floors of investment banks, asset managers and even central banks across thew globe and the information they contain powers trading decisions.
Bloomberg started providing price information on BTC in 2013, which it expanded in 2018 to the top ten tokens by market capitalization, such as ETH and XRP.
Bitcoin to US dollar
This was in response to increased interest from the institutional investor sector.
In a press release announcing the move Bloomberg said that its clients would now be able to monitor intraday pricing for an expanded universe of cryptos, indices and futures contracts for the top 50 tokens.
This brings coins such as Zcash and Hbar and ApeCoin within the ambit of Bloomberg’s coverage as well as the big hitters that occupy the top ten.
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Zcash to US dollar
“Our mission is to help the global institutional investor community to seamlessly incorporate digital assets into their workflows in a trusted and familiar way, on the Bloomberg Terminal,” says Alex Wenham, product manager for cryptocurrencies at Bloomberg said in the press release.
“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,” he added.
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