Bloomberg Adds Top 50 Cryptos to Terminal Coverage
Bloomberg has announced that it is expanding the coverage of its Bloomberg Terminal service to include data on the top 50 cryptocurrencies by market capitalization. The move comes as part of the company’s ongoing efforts to provide its users with comprehensive coverage of all major asset classes.
Bloomberg is one of the most influential financial news organizations in the world. So when they announced that they were expanding their Terminal coverage to include the top 50 cryptocurrencies, it sent a strong signal to the rest of the industry that digital assets are here to stay.
The Bloomberg Terminal is a subscription service that provides real-time market data, news, and analytics to finance professionals. Until now, its cryptocurrency coverage has been limited to just a handful of major coins like Bitcoin and Ethereum. But with this latest expansion, every crypto asset in the top 50 has now been given coverage on the Terminal.
The Bloomberg Terminal is a key tool for financial professionals, providing real-time data, news, and analytics on global markets. The expansion of cryptocurrency coverage will allow users to track prices, volatility, and other metrics for the leading digital assets. In addition, Bloomberg will provide commentary and analysis from its team of experts on the burgeoning asset class.
This is a significant development for both Bloomberg and the cryptocurrency industry as a whole. For Bloomberg, it cements their position as one of the leading providers of financial information and analysis on digital assets. And for the industry, it helps legitimize cryptocurrencies as a mainstream investment class worthy of serious consideration by institutions and individual investors alike.
This is exciting news for crypto investors who want to stay up-to-date on the latest price movements. With the Terminal, they can now track intraday pricing for a wider range of assets in real-time. This is a valuable tool for making informed investment decisions.
The Bloomberg Terminal has long been the go-to resource for financial professionals. It provides users with real-time data and analysis of global markets and is an essential tool for those who need to make quick, informed decisions. The addition of crypto assets, indices, and futures contracts will further solidify the Terminal’s position as the premier resource for financial information.
The Terminal is not without its drawbacks, however. It is a subscription-based service so it can be expensive for individual investors. Additionally, some users find the interface complicated and difficult to use. But for those who are willing to pay the price and put in the time to learn the system, the Bloomberg Terminal can be an invaluable resource.
Bitcoin (BTC) was first offered on the Bloomberg Terminal in 2013 when the asset was trading at around $100. Since then, institutional interest in crypto assets has increased, and Bloomberg has expanded its coverage to include the top 50 assets. The massive surge in BTC prices at the end of 2017 from $1,100 to over $19,000 caused a lot of excitement among investors. However, 2018 saw a major correction, with prices falling back to around $6,200 by December. Despite this volatility, institutional interest in crypto assets continues to grow, and Bloomberg’s Terminal offers valuable data for investors.
Each of these digital assets now has a market capitalization of over a billion dollars, even in a bear market which is a testament to how much the crypto token industry has grown in recent years.
In late 2018, just a handful of cryptocurrencies had more than a billion dollars in market cap. At the time of writing, the decentralized finance platform, Aave, held the number 50 spot with its native token of the same name (AAVE) with a market cap of $1.3 billion.
Barry Pene is a stern blockchain research/copywriter. Barry has been trading cryptos since 2017 and has been invested in issues that would put the blockchain industry on the right pedestal. Barry's research expertise cuts across blockchain as a disruptive technology, DeFis, NFTs, Web3, and reduction of energy consumption levels of cryptocurrency mining.
