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Bloomberg Terminal, a platform that allows professional traders to monitor and analyze real-time financial market data, has added price tracking for six new cryptocurrencies, according to an announcement shared with Decrypt today.
These new coins are Orchid (OXT), OMG Network (OMG), , (LINK), (XTZ), and Lumens (XLM).
The data itself will be provided by crypto indices platform CF Benchmarks, a subsidiary of crypto exchange Kraken that is regulated by the UK Financial Conduct Authority.
"With resilient indices from CF Benchmarks, Bloomberg has now added support for six new digital assets. Not only does this show institutional interest is beginning to move beyond Bitcoin but also highlights how the asset class is being viewed alongside the traditional asset classes," Sui Chung, CEO of CF Benchmarks, told Decrypt.
He said that this move also demonstrates that the crypto industry is becoming more diversified and other digital assets—apart from , , and other “heavy hitters”—are getting recognized by not only retail investors but institutions as well.
“The world of investing has changed beyond all recognition in the seven years since Bloomberg first added Bitcoin price data to its terminals,” Chung added.
As Decrypt reported, CF Benchmarks’ data is already being used by many institutional-focused platforms. CF is the calculation agent for the Nasdaq crypto index and for Canada’s second Bitcoin ETF: Evolve.