Bloomberg Launches Its Own Cryptocurrency Ratio

Bloomberg Launches Its Own Cryptocurrency Ratio

How Macro Trader Novogratz Became a Bitcoin Convert

Bloomberg News Agency announced the launch of a new cryptocurrency ratio. The agency’s partner is Galaxy Digital Capital Management, a trading bank that works with digital assets. The bank is run by a well-known investor and billionaire Michael Novogratz.

Bloomberg Galaxy Crypto Index (BGCI), which measures the level of capitalization of various cryptocurrencies, will be work with the most liquid and largest instruments of the cryptocurrency market. These include Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Monero (XMR), Ripple (XRP), Zcash (ZEC), EOS, Litecoin (LTC) and Dash.

The coefficient will be use special methodology and data, sources which will become previously carefully studied organizations. Others details partners until do not disclose.

In his tweet, Mike Novogratz commented on the new collaboration So: «it very important link big work. Institutional accounts now will be able to significantly improve the characteristics of the cryptocurrency as new asset type».

Earlier we wrote as the largest world company interact with blockchain

text: Anton Kuznetsov, a photo: Bloomberg London office

Bloomberg Launches Its Own Cryptocurrency Ratio

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