Dear HODLers, today we may say that the possibility of seeing cryptocurrencies going mainstream has suddenly skyrocketed!
The reasons why I'm telling you this are related to the claims of Peter Roffman, the global head of innovation and strategy at S&P Dow Jones Indices, who claimed yesterday (December, 3rd) that S&P Dow Jones Indices will launch cryptocurrency indexing services in 2021 through a partnership with Lukka, a high quality crypto data provider.
Lukka provides data on more than 550 of the top traded coins and is going to "employ his best practices, both in terms of pricing the coins, selecting the coins, weighting them and in terms of transparency that we bring to the marketplace," Peter Roffman said.
The global head of innovation and strategy at S&P Dow Jones Indices then added: "We've been watching the digital asset space and we feel it's at a point of institutional interest in maturity, where companies such as ours wants to get in and contribute to the transparency of the marketplace ".
Crypto is finally going mainstream thanks to the increased demand from investors that now consider cryptocurrencies as a hedge against inflation and a safe-haven asset.
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