Bloomberg Terminal increases its cryptocurrency coverage: 40 more coins
Financial and technical information platform Bloomberg has significantly expanded its coverage of the crypto markets following a decision to include data on the top 50 cryptocurrencies in the Bloomberg terminal.
Bloomberg’s chief product officer for cryptocurrencies, Alex Wenham, suggested that as “the global institutional investor community’s interest in digital assets continues to grow, they will need a way to” seamlessly incorporate digital assets into their workflows. “
Bloomberg already had 10 cryptocurrencies in its terminal as of 2018, including Bitcoin (BTC), Ether (ETH) and Ripple (XRP). The expansion adds another 40 coins to the mix, such as Solana (SOL), which gives financial staff and institutions access to real-time data from the financial markets and to make trades.
This is the largest expansion of crypto data since Bloomberg Terminal began tracking BTC in 2013.
Bloomberg’s market-leading coverage of cryptocurrency data at the Bloomberg terminal has been expanded to include the top 50 cryptocurrencies, including Bitcoin, Ethereum, Binance Coin, XRP, Solana and more. https://t.co/NknHawFOez
– Bloomberg Terminal (@TheTerminal) June 9, 2022
Co-founder of Three Arrows Capital crypto-investment fund Su Zhu seems pleased with the new additions to the terminal. He commented in a tweet on Friday that it is «also cool that they link to the white papers».
A little fun to read the coin descriptions there @krypto has added Bloomberg Terminal
Also cool that they link to the white papers pic.twitter.com/U7AN3tI7CK
– Zhu Su (@zhusu) August 6, 2019
Bloomberg Terminal is considered a groundbreaking tool for professional and institutional investors, as it offers analysis, insight into compliance and risk and allows users to trade. Bloomberg says they control assets at the terminal through a data-driven approach and “ensure that the approach evolves with the crypto markets.”
Bloomberg Terminal users can access intraday rates for all crypto it tracks by visiting CRYP
The addition of so many more cryptocurrencies to Bloomberg Terminal indicates greater maturity in the crypto markets. Institutions take a much closer look at their opportunities in the field to both develop platforms and make money.
Related: Despite a bearish trend, hedge funds are dipping their toes into crypto: PwC
Their interest is proven by the Italian stock exchange Borsa Italiana listing a Bitcoin-themed exchange-traded fund (ETF) on Thursday.
