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CoinDesk Acquires Crypto Index Provider TradeBlock
CoinDesk, a provider of crypto and blockchain news, events, data and research has acquired TradeBlock, a provider of digital asset reference rates. More than $20 billion of investment products use TradeBlock indexes, and billions of dollars in monthly trading volume is quoted against them.
“Mainstream acceptance of bitcoin is accelerating right now as Wall Street wakes up to its potential. With that has come an urgent need for the kind of robust data and professional tools that enable institutions to participate,” said Kevin Worth, CEO of CoinDesk. “CoinDesk is now uniquely positioned to provide that service, which will not only benefit those institutions but will also improve information integrity for the retail and other investor segments already engaged in crypto markets.
The approval of a bitcoin ETF could take a lot longer than some might have hoped for. Several bitcoin ETF applications are currently under review by the SEC,