One of the world's biggest index providers is getting into the cryptocurrency game. S&P Dow Jones Indices, a division of S&P Global, announced yesterday that it is planning to launch cryptocurrency indexing services in 2021 for more than 550 of the top traded coins.
The service will enable clients to create custom indices and other benchmarking tools related to cryptocurrencies. S&P Dow Jones Indices will partner with Lukka, a crypto data firm, for pricing data. The partnership is a move to provide «reliable pricing data» for cryptocurrencies, according to a press release. Lukka already has a data partnership with IHS Markit, a research firm that S&P recently acquired.
In a conversation with online publication Coindesk, Peter Roffman,
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