S&P Dow Jones Indices will index crypto currencies

„The time is ripe“: S&P Dow Jones Indices are planning indices for Bitcoin and Co.

S&P Dow Jones Indices has announced the introduction of benchmarks for digital assets such as crypto currencies. The time is „ripe“, according to the company.

Hardly any details

However, the press release is stingy with details about the planned crypto benchmarks. So far, there is no information about which assets will be indexed, nor is an exact start date known yet. However, it can be assumed that the new benchmarks for Bitcoin Benefit will not enter the classic trading floor until next year.

Crypto-affine Wall Street traders will soon have new tools available for the valuation of crypto currencies. For this purpose, S&P Dow Jones Indices, a globally leading index creator with over one hundred years of experience, has joined forces with the New York start-up Lukka. This is stated in a joint press release issued by the companies on December 3. According to the press release, the cooperation is intended to meet the growing demand from investors for benchmarking and index solutions for block-chain assets. Bitcoin and Co. is a „rapidly developing asset class“ and the „time is ripe for independent, reliable and user-friendly benchmarks“, Peter Roffmann, Global Head of Innovation and Strategy at S&P Dow Jones Indices, is quoted as saying.

„Our collaboration with S&P DJI is another milestone that bridges the gap between the crypto-asset ecosystem and traditional financial services,“ added Robert Materazzi, CEO of Lukka.

Clients with crypto-data needs will soon have access to the most trusted data in the industry, supported by Lukka’s institutional quality standards […]“.

The block chain data service provider from New York is „enthusiastic“ to have won a renowned partner for the promotion of the emerging market of Bitcoin and Co. with S&P Dow Jones Indices.

Meanwhile, the Bitcoin share price can stay above the 19,000 US dollar mark – you can find out about the price targets, support and resistance here.