The financial terminals of Thomson Reuters and Bloomberg will soon provide cryptocurrency data from an index that takes into account social media posts and news.
Announced Thursday, index provider Cryptoindex said terminal users will be able to view the top 100 performing cryptocurrencies, according to its rankings. Cryptoindex comprises of crypto assets that have occupied a position in the top 200 for over three consecutive months, are “almost always traded on multiple exchanges” and have a “significant social media following.”
Rebalancing of the Cryptoindex occurs on a monthly basis and is designed to spot trading data that has been inflated, the firm said.
Popular traders’ social networking and data analysis site TradingView will also add the index as an additional choice for its users.