Bitcoin Price Index attracts the New York Stock Exchange

wall-streetThe New York Stock Exchange (NYSE) yesterday announced the launch of the Bitcoin price index (NYXBT). NYXBT is the future of the US dollar value per Bitcoin and will be published on NYSE Global Index Feed (GIF). For a limited time the Bitcoin price will be also seen on the NYSE’s website.

The Bitcoin price index is based on market data from the resident of San Francisco Bitcoin exchange Coinbase. Nevertheless, the NYSE will review the standards of other Bitcoin Exchanges and if necessary to include in the index.

As Thomas Farley from NYSE Group said in a statement customers are increasingly demanding the current bitcoin exchange rate in order to evaluate their decisions for buying or selling in the new asset class quickly. The NYSE as a global index leaders is glad to bring more transparency in the market in the future.

In January this year, the NYSE participated in a 75-million Dollar Coinbase financing round.The NYSE is not the only Wall Street company which has invested in the digital currency: The multinational banking group Goldman Sachs participated recently on a 50 million US Dollars investment round circle.

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