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Ethereum, Ripple And Litecoin Have Arrived on Bloomberg Terminals
Financial data firm Bloomberg has added three new cryptocurrencies to its Terminal service.
Door Sujha Sundararajan
Financial data firm Bloomberg has added three new cryptocurrencies – ethereum (ether), Ripple (XRP) and litecoin – alongside bitcoin on its Terminal service.
According to a Fortune report, sources said the addition of the new price data is aimed at forex traders seeking to explore the new instruments.
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They also suggested that Bloomberg terminal data for the new cryptocurrencies is being provided by Luxembourg-based exchange Bitstamp.
Back in April 2014, Bloomberg opened up bitcoin prices to its Bloomberg Professional service, and in June of that year it was revealed that the data was being sourced from the itBit exchange.
The move comes amid sharp rises in the prices of many alternative cryptocurrencies, or altcoins, along with the spike in bitcoin prices. Just yesterday, Ripple's XRP token surged to a new record close to 90 cents, while ether and litecoin have also both hit new highs in the past week.
Bloomberg Terminal provides subscribers with real-time financial data, and allows them to place trades over an electronic trading platform. The system also features news and messaging options.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in itBit and Ripple.
Bloomberg screen image via Shutterstock
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