Helena Izotova
Bitcoin keeps on gaining strength in the global financial environment. This time, the crypto currency has deserved the recognition among American traders and investors. In particular, New York Stock Exchange launched the Bitcoin index, a new index designed to monitor the crypto currency and trade it, Market Leader reports.
The new Bitcoin index has got the NYXBT ticker. The quotes are going to be based on the data coming Bitcoin exchanges as the average. At the same time, the amount of player in the Bitcoin market is definitely going to expand dramatically.
NYSE is going to publish the average price of Bitcoin once a day on tis official website. This is going to be some kind of a guideline for all the investors interested in trading Bitcoin or investing in it.
At the same time, it is reported that NYSE has already approved the decision to include the new index in NYSE Global Index Feed. At the same time, the index will be published along with major indexes for promo reasons.
According to Thomas Farley, President of NYSE Group, the decision to launch the Bitcoin index was triggered by the growing amount of traders and investors monitoring the Bitcoin exchange rate.
Masterforex-V Academy experts say that this is a great achievement for Bitcoin since the market is probably going to turn more transparent and less volatile as it expands and becomes more liquid. The key Bitcoin exchange the index is based on is Coinbase, an exchange located in SanFrancisco.
Helena Izotova
