Bloomberg Just Added Ethereum, Litecoin And Ripple To Its Terminal

The value of Bitcoin and its soar lately attracted a lot of mainstream investors and caught the interest of financial professionals. These news have been big for the entire world of cryptocurrencies – and the best thing is that they are not only limited to Bitcoin but other digital currencies too.

The latest proof of this comes from Bloomberg’s decision to add the prices for three cryptocurrencies – Ripple, Ethereum and Litecoin – to its terminal service. As you may know, the terminal service is used by major banks and investment houses worldwide and is ‘the window of the financial world’.

This basically means that both Ripple, Ethereum and Litecoin are ‘being watched’ by financial professionals now. All of the thee currencies are trending and it seems like everyone has the eye for them lately.

Still, each of these cryptocurrencies is different on its own. While Ethereum relies on a versatile type of software that made it a popular platform for digital tokens, Litecoin is built as a quicker and more efficient clone of Bitcoin. Ripple, on the other hand, is a private company that provides blockchain technology to banks and allows some of its currency to trade globally.

What’s interesting is that all of these cryptocurrencies are rising in terms of their prices as of lately. If we compare them to their values in January this year (2017), we will see that Ethereum went from $8 to less than $700, Ripple went from $0.006 to $0.77 and Litecoin went from around $4 to $262 – all in only one year.

That is thousands of percents in terms of growth and definitely something that cannot be unnoticed by Bloomberg, right?

Still, Bloomberg declined to comment on the decision to add the new altcoins to the terminal. However, a person familiar with the company said that “they are added as a feature for foreign exchange traders”.