Bitcoin gains mainstream support with NYSE index launching today

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Owen Williams

Former TNW employee

Owen was a reporter for TNW based in Amsterdam, now a full-time freelance writer and consultant helping technology companies make their word (show all) Owen was a reporter for TNW based in Amsterdam, now a full-time freelance writer and consultant helping technology companies make their words friendlier. In his spare time he codes, writes newsletters and cycles around the city.

The New York Stock Exchange has announced that it plans to make available a Bitcoin index on the NYSE, giving further legitimacy to the crypto-currency.

From today the NYSE will feature the Bitcoin index in the NYSE Global Index. It will also be temporarily available publicly on the NYSE’s website.

The index is calculated once a day, to four decimals and will be published within 2 hours of 4PM U.K. time (11am Eastern).

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NYSE Group President Thomas Farley said that “Bitcoin values are quickly becoming a data point that our customers want to follow as they consider transacting, trading or investing with this emerging asset class.”

The Bitcoin index pulls data from Coinbase, in which the NYSE happens to have made a minor investment earlier this year.

➤ NYSE to Launch NYSE Bitcoin Index, NYXBT

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