Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Crypto Prices Edge Up; CoinMarketCap to Launch Crypto Benchmark Indices

Published 04/18/2019, 02:16 AM
© Reuters.
V
-
BTC/USD
-
XRP/USD
-
ETH/USD
-
LTC/USD
-

Investing.com - Prices of the major cryptocurrencies edged up on Thursday in Asia. Reports that CoinMarketCap will launch two cryptoucurrency benchmark indices received some attention.

Bitcoin gained 0.8% to $5,241.6 by 2:06 AM ET (06:06 GMT). Ethereum traded 3.2% higher to $171.02, XRP edged up 1.8% to $0.33850 and Litecoin was up 1.0% to $80.572.

CoinMarketCap is launching two cryptocurrency benchmark indices on NASDAQ GIDS, Bloomberg Terminals, Thomson Reuters Eikon (Refinitiv), and Börse Stuttgart, according to various media earlier this week, which added that the two indices will cover the top 200 cryptocurrencies.

“We are excited to launch and share these indices with the market. These indices will promote greater accessibility to cryptocurrency data in an easier-to-digest format. In partnership with Solactive, our chosen index administrator, we hope these professionally-calculated indices will serve to expand the reach of cryptocurrencies into the larger financial markets,” said Brandon Chez, CEO of CoinMarketCap.

In other news, major cryptocurrency exchange Coinbase has expanded its crypto-to-crypto trading to 11 more countries in Latin America and Southeast Asia, according to its blog post on Tuesday.

It was reported earlier this week that the exchange are forming a partnership with Visa (NYSE:V) to launch a cryptocurrency card that allows card holders to “spend crypto as effortlessly as the money in their bank,” as well as ATM withdrawals to replace the traditional time-consuming crypto-to-fiat withdrawal process that often takes over 24 hours to complete.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.