The New York Stock Exchange is launching an index for tracking bitcoin, adding a new layer of credibility to the rising cryptocurrency.
In a statement released Tuesday, the exchange says the NYSE Bitcoin Index (NYXBT) will track the U.S. dollar value of one bitcoin based on how the currency trades at select exchanges.
“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,” said NYSE Group President Thomas Farley in a statement.
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Have an amazing project to share? The Electronics Show and Tell is every Wednesday at 7pm ET! To join, head over to YouTube and check out the show’s live chat – we’ll post the link there.
