Authored by Sujha Sundararajan via Coindesk
Financial data firm Bloomberg has added three new cryptocurrencies – ethereum (ether), Ripple (XRP) and litecoin – alongside bitcoin on its Terminal service.
According to a Fortune report, sources said the addition of the new price data is aimed at forex traders seeking to explore the new instruments.
They also suggested that Bloomberg terminal data for the new cryptocurrencies is being provided by Luxembourg-based exchange Bitstamp.
The move comes amid sharp rises in the prices of many alternative cryptocurrencies, or altcoins, along with the spike in bitcoin prices. Just yesterday, Ripple’s XRP token surged to a new record close to 90 cents, while ether and litecoin have also both hit new highs in the past week.
Bloomberg Terminal provides subscribers with real-time financial data, and allows them to place trades over an electronic trading platform. The system also features news and messaging options.
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