Coinspeaker
Bloomberg Adds 40 New Cryptocurrencies to Its Terminal Data Offering

On Thursday, Bloomberg announced expanding its Terminal with as many as 40 cryptocurrencies. As a result, its users are now able to monitor data on the top 50 crypto assets.

Bloomberg's market-leading coverage of cryptocurrency data on the Bloomberg Terminal has been expanded to include the top 50 crypto assets, including Bitcoin, Ethereum, Binance Coin, XRP, Solana and more. https://t.co/NknHawFOez

— Bloomberg Terminal (@TheTerminal) June 9, 2022

Bloomberg Terminal is a computer software system that delivers real-time financial data, messages, news, and analytics that help investors make profitable decisions in financial transactions. It offers investors independent stock research from more than 1,500 resources, charting tools, and trade analytics for both the buy-side and sell-side.

The first version of the terminal was released back in December 1982. In 2013, as the world got interested in cryptocurrencies, the terminal started providing Bitcoin (BTC) prices. Further, by 2018, the offering had been expanded to 10 coins, including Ethereum (ETH), XRP (XRP), Litecoin (LTC), EOS (EOS), and more.

Now, with adding 40 more cryptocurrencies, Bloomberg Terminal offers intraday pricing for 50 crypto assets, indices, and futures contracts in real-time. The decision to expand the service followed the growth of institutional interest in investment strategies involving cryptos.

Alex Wenham, product manager for cryptocurrencies at Bloomberg, commented:

“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. As this market develops, we will continue to evolve our data-driven offerings to help our clients define and develop their strategies in this space.”

Now, users can access the intraday pricing for all crypto it tracks by visiting CRYP<GO>.

Bloomberg’s Involvement In Cryptos

Back in August 2021, Bloomberg teamed up with Galaxy Digital, to launch a project that involved diversification of its crypto offering via the inauguration of the Bloomberg Galaxy DeFi index. The project quantitatively predicts the ability of the biggest Decentralized Finance (DeFi) protocols by market value that furnish their users with financial services without a third party.

Further, in October 2021, Bloomberg partnered with Kaiko, the leading cryptocurrency market data provider for institutional investors and enterprises. Within the partnership, the companies issued the first series of Financial Instrument Global Identifiers (FIGIs) covering crypto assets. In particular, the first batch of FIGIs was released for all Bitcoin and Ethereum instruments and denominated in fiat currencies.

Another crypto-related partnership of Bloomberg was signed in February this year. At that time, Bloomberg collaborated with Elwood Technologies, a company that provides access to some of the top crypto trading and liquidity platforms. The integration targeted the institutional customers who utilize the Bloomberg Asset and Management Investment Manager. As a result of the integration, Elwood is streamlining institutional access to cryptocurrency markets.

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Bloomberg Adds 40 New Cryptocurrencies to Its Terminal Data Offering