Indices in 2021, s&p dow jones to launch cryptocurrency as per bitcoin on wall street
In the volatile and speculative market, some of the risks are to be reduced and the hope for more reliable data of pricing makes it easier for the users to access new asset classes. it is reported in the report.
On Thursday, s&p dow jones will launch a cryptocurrency in 2021, a major and latest company to make its way in a new asset class. the data used from new york-based virtual currency company the s&p dji-branded products of over 550 of the traded coins as said by a report. customized indices and other benchmarking tools on cryptocurrency would be created via s&p's clients and index provider, told by s&p and lukka.
Peter Roffman, at s&p dow jones indices a global head of innovation and strategy, said that with digital assets such as cryptocurrencies becoming a rapidly emerging asset class, the time is right for independent, reliable, and user-friendly benchmarks. said a report.
for becoming cryptocurrencies in mainstream investment, by the world's well-known index provider. bitcoin is continuously soaring high prices against dollars, according to the investors whose demands are boosted states that digital currency is a hedge against inflation.
latest bitcoin prices rose to all-time high prices over $19300 on Thursday, it's 170% of soaring prices.
in the long run, cryptocurrencies are around. more investors and traders have an interest and also take participation are attracted over the last few years from financial institutions.
Bitcoin derivatives have been started offering by major exchanges and large firms started keeping safe bitcoins and cryptocurrencies for the investors such as fidelity investments and japan's Nomura holdings inc.
The asset class is more accessible for investors by mainstream market infrastructure, Paul Tudor Jones and Stanley Druckenmiller commented hedge fund managers include broad investment strategies bitcoin.
Crypto Business World
CBW - External Analyst