By Adam White Today the New York Stock Exchange launched the NYSE Bitcoin Index (NYXBT), a benchmark for the daily price of bitcoin. NYXBT represents the U.S. Dollar value of one bitcoin, based on transactions occurring on Coinbase Exchange and other select bitcoin exchanges.
The New York Stock Exchange administers some of the world’s most important indices, including gold and LIBOR. The creation of NYXBT represent a significant step forward in the continued adoption of Bitcoin and related payment technologies into the financial system. Earlier this year, the NYSE along with Spanish bank BBVA, USAA, and former Citigroup CEO Vikram Pandit participated in Coinbase’s …read more
Source:: http://blog.coinbase.com/2015/05/19/nyse-creates-bitcoin-index-powered-by-coinbase/