Bloomberg has expanded its Terminal service to include 50 crypto assets in an effort to provide better data to its institutional investing clients.

Popular cryptocurrencies bitcoin, Ethereum, Binance Coin, XRP, Solana are among those included. Terminal customers will now be able to monitor the intraday prices of these cryptos, indices and futures in real time.

Bloomberg Terminal began offering bitcoin price data in 2013. At that point, the asset was trading around $100, before a massive surge to over $1,100 by the end of that year.

Then, in 2018, the company expanded the terminal’s coverage to the top ten crypto assets by market capitalization due to increased institutional interest.

“Our mission is to help the global institutional investor community seamlessly integrate digital assets into their workflows in a trusted and familiar way, on the device,” said Alex Wenham, Chief Product Officer for Cryptocurrencies. at Bloomberg.

“As this market grows, we will continue to evolve our data-driven offerings to help our clients define and develop their strategies in this space.”

Bloomberg’s selection criteria highlighted

Before including the top 50 crypto assets, Bloomberg would gradually increase its selection, like with the addition of Cardano last year. The announcement also highlighted the process followed by Bloomberg in its selection of assets for which to provide data.

Listing criteria include assessments of institutional custody support, trading access, market capitalization and turnover regularity.

Last year, Bloomberg launched the Bloomberg Galaxy DeFi Index, a decentralized finance (DeFi) index fund, in partnership with Galaxy Digital. The passively managed fund tracks the performance of nine DeFi tokens.

Compound includes Uniswap’s UNI (40%), AAVE (18%), Maker MKR (12.7%), Compound’s COMP (10)%, Yearn Finance YFI (5.4)%, Synthetix SNX (5)% , SushiSwap SUSHI (4.3)%, 0x Protocol ZXR (2.8)% and UMA (1.8%).

The financial services company collaborated with a crypto index, the Bloomberg Crypto Index, in 2018 to track the most liquid tokens in the crypto markets.

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