Bloomberg, the popular software and media company, has announced that it has expanded its cryptocurrency data coverage to include Shiba Inu (SHIB) and the top 49 digital currencies by market capitalization.
Investors in the top 50 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Shiba Inu, Dogecoin (DOGE), Polkadot (DOT), Ripple (XRP), and Cardano (ADA), can now monitor intraday trading prices directly from the Bloomberg website, according to a press release issued today.
Bloomberg provides market data for the top cryptocurrencies
It should be noted that Bloomberg has been providing useful crypto data through a designated terminal since 2013. Although, at the time of its launch, Bloomberg tracked the data of the world’s largest cryptocurrency– Bitcoin.
In 2018, the company expanded its data tracking service to include the top ten cryptocurrencies, and the media company now wants to track the intraday pricing of the top 50 crypto assets.
According to Bloomberg, the decision to increase the number of cryptocurrencies that will be tracked stems from the recent surge in interest in the asset class; as a result, Bloomberg has added 40 top cryptocurrencies today, bringing the total to 50.
Commenting on the development, Alex Wenham, product manager for cryptocurrencies at Bloomberg, stated:
“Our mission is to help the global institutional investor community to seamlessly incorporate digital assets into their workflows in a trusted and familiar way, on the Bloomberg Terminal.”
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Wenham added that as the market evolves, Bloomberg will continue to add support for other crypto assets.
Meanwhile, using the service to track intraday cryptocurrency prices is straightforward. To begin tracking the prices of any cryptocurrency in the top 50 rankings, users must go to the Bloomberg website and click on CRYP.