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Bloomberg Partners With Novogratz To Introduce Bloomberg Galaxy Crypto Index

May 10, 2018 Posted /  73 Views

Bloomberg Partners With Novogratz To Introduce Bloomberg Galaxy Crypto Index

Bloomberg reports, Bloomberg and Mike Novogratz's digital currency dealer bank Galaxy Digital Management have launched the Bloomberg Galaxy Crypto Index (BGCI) that will track ten digital currencies from the biggest, most liquid part of the digital currency market.

The coins to be recorded on the index presently are Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Dash, Monero, Ethereum Classic and Zcash. Bloomberg composes that the BGCI offers the primary institutional benchmark for the digital currency market.

Alan Campbell, Worldwide product manager for Bloomberg Indices, said that the launch of the Bloomberg Galaxy Crypto Index shows our customers developing enthusiasm in digital currencies. The previous week, Goldman Sachs announced that they would start trading Bitcoin contracts in the wake of being immersed in customer demands for the service.

Towards the start of April, Goldman Sachs former official allegedly joined Galaxy Digital as its new COO. Currently, the proprietor of the New York Stock Exchange demonstrated an enthusiasm for enabling its clients to hold and offer Bitcoin.

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