You can now track Bitcoin on the New York Stock Exchange

Bitcoin atmREUTERS/Andy ClarkA man poses in front of a Bitcoin ATM.

The New York Stock Exchange launched a bitcoin index Tuesday.

NYXBT, as it will be called, will reflect data from the Coinbase bitcoin exchange, which the NYSE made a minority investment in earlier this year.

According to the NYSE, “NYXBT utilises a unique methodology that relies on rules-based logic to analyse a dataset of matched transactions and verify the integrity of the data to ultimately produce an objective and fair daily value for one bitcoin in U.S. Dollars as of 16:00 London time.”

This is just the first of many bitcoin-based indexes that the NYSE plans to launch, according to a spokesperson. Details about further indexes have yet to be released.

The current price of bitcoin is about $US233. It’s down almost $US5 since yesterday.

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