Despite doubts and predictions by various critics, cryptocurrency has continued to take a firm place within the global financial market and this is evidenced by the fact that various crypto-based assets have been listed on traditional asset exchanges and also the fact that the price of cryptocurrency is becoming a relevant part of global finance considering that Bitcoin and Ethereum indices have been listed on the New York Stock Exchange earlier this year. These events show, more than ever, that people are using cryptocurrency and that its value has an effect on financial markets despite the naysayers.
Crypto lovers have another reason to rejoice as Yahoo finance, a United States-based financial information giant, has partnered with CoinMarketCap to list the prices of various cryptocurrencies on their website, which is a major milestone.
This new partnership between Yahoo finance and CMC was confirmed in a November 21, 2019 press release and according to it, customers can now track the prices of cryptocurrency as well as CMC-reported market capitalization, trading volume, circulating supply and so on.
As of now, the cryptocurrency screen, a page on the Yahoo finance website, contains information for about 118 cryptocurrencies including many of the top ones like bitcoin, Ethan, light coin, XRP and so on. CMC, in total, provides cryptocurrency prices for up to 4,844 cryptocurrencies. This information is gathered by scouring over 200 exchanges and providing real-time data for the price of cryptos.
Besides providing real-time prices of Crypto, CMC will also provide information that is educational on the Yahoo website and their daily blog post and newsletter will be integrated into the Yahoo finance group cryptocurrency page as well as individual crypto pages. In addition, Yahoo will also integrate two other CMC indices which are Crypto 200 and Crypto 200 EX.
“By partnering with CoinMarketCap, a trusted global cryptocurrency data provider, we can provide timely and reliable crypto information to meet our audience demand,” said Joanna Lambert, General Manager of Finance, Tech, Autos and Membership, Verizon Media.