New York Stock Exchange launches bitcoin indexbr>
On Tuesday, May 19 the New York Stock Exchange launched an Bitcoin price index.
The value of the index, ticker symbol NYXBT, is linked to the price of 1 bitcoin in U.S. dollars. The index is published on the NYSE Global Index Feed (GIF).
The exchange is partnering with Coinbase to obtain market price data.
Thomas Farley, NYSE group president, said “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.” He added, “As a global index leader and administrator of ICE LIBOR, ICE Futures US Dollar Index and many other notable benchmarks, we are pleased to bring transparency to this market.”
Coinbase offers a suite of bitcoin related services, including an exchange, wallet hosting, merchant services and a platform for application development.