Bloomberg adds altcoin data to Terminal service
18 December 2017 | 8145 views | 0
Bloomberg is to provide forex traders with pricing on alternative virtual currencies, including Ether, Ripple's XRP and litecoin, alongside bitcoin charts as speculative investors pile into crypto-markets.
Bloomberg first added bitcoin pricing data to its Terminal service back in 2014. Recent volatility in the market has seen prices surge dramatically, lifting interest in alternative currencies.
Ripple's XRP, Ether and litecoin have each benefited from the spike in bitcoin trading, driving valuations to new highs.
The addition of the new currencies to the Terminal was tipped by Bloomberg reporter Lily Katz.
The financial data provider has yet to officially comment, although a report in Fortune suggests that data for the new cryptocurrencies is being provided by Luxembourg-based exchange Bitstamp.