Bloomberg Now Listing Bitcoin Prices on Financial Terminals

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Bloomberg Now Listing Bitcoin Prices on Financial Terminals

Bloomberg has commenced providing bitcoin pricing to more than 320,000 subscribers via its Bloomberg Professional service.

The service will permit users to monitor and chart gegevens from Coinbase and Openbreken. It will also track digital currency news and relevant social media posts from more than 100,000 sources.

All users need to do to access the fresh service is type VCCY<,GO>, on the Bloomberg Professional service.

Bloomberg wasgoed rumoured to be working on a bitcoin price ticker last August. At the time an inwards source told BTCGeek that Bloomberg employees could access the fresh feature on their Bloomberg terminal and look up bitcoin pricing.

Mixed reactions

The Wall Street Journal described Bloomberg’s decision to commence providing bitcoin pricing spil a “key stamp of approval” and the stir will surely be welcomed by many te the bitcoin community. However, Bloomberg has pointed out that opinions on bitcoin are mixed:

“Everyone from Warren Buffett and Marc Andreessen to the Winklevoss twins and the Internal Revenue Service has opined on the viability of the digital currency. Depending on your vantage point, bitcoin may be the thickest technology innovation since the Internet or a fad whose crash will be spil precipitous spil its meteoric rise.”

Albeit bitcoin has some notable detractors ter the financial community, Bloomberg argued that it is simply unlikely to overlook the digital currency due to high-levels of rente, adding:

“It’s worth noting that wij are not endorsing or assuring bitcoin, and investors cannot trade bitcoin or other digital currencies on Bloomberg.”

Fostering innovation

Bloomberg said its decision to begin providing information about a controversial market like bitcoin wasgoed prompted by several reasons. The company believes it can suggest better transparency and it can help foster innovation.

“While bitcoin and other virtual currency markets are still nascent, they represent an interesting intersection of finance and technology. Given that Bloomberg sits squarely at that intersection, providing pricing for this underdeveloped market is a natural getraind for us,” Bloomberg pointed out.

Lastly, Bloomberg said it is merely responding to client request. Bloomberg clients are increasingly interested ter bitcoin and other digital currencies, so they need contraptions to better monitor developments te thesis emerging markets.

Bloomberg included a number of caveats te its announcement, telling that rente ter global currencies is going up, but they still represent just a fraction of global fiat currency usage. The company also pointed out that reaction from governments has bot mixed and the regulatory environment remains unclear.

“While bitcoin has thus far survived intense media scrutiny, scandal and wild price swings, there certainly is no ensure that bitcoin will persevere,” the company concluded.

The leader te blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a stringent set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests ter cryptocurrencies and blockchain startups.

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