Bloomberg Adds Ethereum, Litecoin, and Ripple to Terminal

It's a major sign that big banks are getting interested in altcoins.



On Thursday, global financial reporting giant Bloomberg announced the addition of three new cryptocurrencies to its Terminal: Ethereum, Litecoin, and Ripple. It’s the latest in a series of signs that cryptocurrency is being adopted by the world of mainstream finance.

The three altcoins now join Bitcoin as the only cryptocurrency offerings with data integrated in Bloomberg’s terminal. Bloomberg added Bitcoin to its feed back in 2013, but until now it hadn’t offered data on any other cryptocurrencies.

Bloomberg’s media arm has been reporting on cryptocurrencies for years, of course, but their addition to its terminal product is an important change. The Bloomberg Terminal is a professional market information and trading tool with hundreds of thousands of users in high-level finance. Putting real-time Ethereum, Litecoin, and Ripple price data in front of these people could help drive adoption at big banks and investment firms looking for the next Bitcoin.

For its market data, Bloomberg is reportedly pulling prices from Bitstamp, one of Europe’s biggest cryptocurrency exchanges. Bitstamp currently lists Bitcoin, Ethereum, Ripple, and Litecoin – the same four currencies Bloomberg is tracking – so the addition of more altcoins to Bloomberg’s terminal could be quite a ways off, seeing as the company would need to establish a new partnership with a different exchange to get price data.