The Bloomberg financial and technical information platform has significantly expanded its coverage of the crypto markets after the decision to include data on the top 50 crypto assets in the Bloomberg terminal.

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Alex Wenham, Cryptocurrency Manager at Bloomberg, suggested that as the interest of the “global institutional investor” community in digital assets continues to grow, they will need a way to “seamlessly incorporate digital assets into their workflows.”

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As of 2018, there were already 10 cryptocurrencies in the Bloomberg terminal, including BTC, ETH and XRP. The expansion adds 40 more coins to the set, such as saltwhich allows financial professionals and institutions to access real-time financial market data and make transactions.

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This is the biggest expansion of its crypto data since Bloomberg Terminal started tracking BTC in 2013.

Su Zhu, co-founder of crypto investment fund Three Arrows Capital, seems pleased with the new additions to the terminal. He commented in tweet on Friday that “it’s also cool that they link to the official docs.”

The Bloomberg Terminal is considered a foundational tool for professional and institutional investors as it offers analysis, compliance and risk information, and allows users to transact. Bloomberg says it validates assets at the terminal with a data-driven approach and “ensures that this approach evolves along with the cryptocurrency markets.”

Bloomberg terminal users can access intraday prices for all cryptocurrencies it tracks by visiting CRYP.

The addition of a large number of crypto assets to the Bloomberg terminal indicates a greater maturity of the crypto markets. Institutions are much more scrutinizing their options in this space both for platform development and for profit.

Despite the bearish trend, hedge funds are diving into crypto: PwC

Evidence of their interest is the listing of a bitcoin-themed exchange-traded fund (ETF) on June 7th by the Italian stock exchange Borsa Italiana.