S&P Dow Jones Indices announced the introduction of benchmarks for digital assets such as cryptocurrencies. The company says the time is „ripe“.
Crypto-savvy Wall Street traders will soon have access to new tools for evaluating cryptocurrencies
To this end, S&P Dow Jones Indices, a leading global index creator with over 100 years of experience, has teamed up with the New York start-up Lukka. That comes from a joint press releaseof companies from December 3rd. Thereafter, the cooperation is to serve the growing demand from investors for benchmarking and index solutions for blockchain assets. Bitcoin Union scam and Co. are a „rapidly developing asset class“ and the „time is ripe for independent, reliable and user-friendly benchmarks“, says Peter Roffmann, Global Head of Innovation and Strategy at S&P Dow Jones Indices.
“Our collaboration with S&P DJI is another milestone that closes the gap between the crypto asset ecosystem and traditional financial services,” added Robert Materazzi, CEO of Lukka.
Customers with a need for crypto data will soon have access to the most trustworthy data in the industry, which is supported by Lukka’s institutional quality standards […] “
The blockchain data service provider from New York is „thrilled“ to have won a renowned partner in S&P Dow Jones Indices for the promotion of the emerging market of Bitcoin and Co.
Hardly any details
The press release is stingy with details on the planned crypto benchmarks. So far, there is no information about which assets should be indexed; an exact start date is not yet known either. It can be assumed, however, that the new benchmarks for Bitcoin and Co. will only enter the traditional trading floor in the coming year.
The Bitcoin price can meanwhile stay above the 19,000 US dollar mark – you can find out the price targets, supports and resistances here .