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You can now track Bitcoin on the New York Stock Exchange
REUTERS/Andy Clark
A man poses in front of a Bitcoin ATM.
The New York Stock Exchange launched a bitcoin index Tuesday.
NYXBT, as it will be called, will reflect data from the Coinbase bitcoin exchange, which the NYSE made a minority investment in earlier this year.
According to the NYSE, “NYXBT utilizes a unique methodology that relies on rules-based logic to analyze a dataset of matched transactions and verify the integrity of the data to ultimately produce an objective and fair daily value for one bitcoin in U.S. Dollars as of 16:00 London time.”
This is just the first of many bitcoin-based indexes that the NYSE plans to launch, according to a spokesperson. Details about further indexes have yet to be released.
The current price of bitcoin is about $233. It’s down almost $5 since yesterday.
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