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MarketWatch, the market intelligence arm of Dow Jones Media Group, has begun to monitor the performance of eight new cryptocurrencies, in recognition of their growing movement towards the financial mainstream, CoinDesk reported.
The company already offers a BTC monitoring tool, active since 2014. However, the decision to include a series of new cryptocurrencies, and in particular Bitcoin Cash (BCH), has been welcomed by cryptocurrency investors, as the cryptocurrency continues to be more widely supported by merchants and more effective for users than alternatives.
MarketWatch will also introduce support for XRP, Litecoin, Monero and Dash, among others, creating a much more complete cryptanalysis tracking function, according to the report.
The nutritional data emerging from the Kraken platform, the new service will cite real-time prices for cryptocurrencies, as well as quoting the euro and the dollar, in an effort to provide investors with important real-time information.
Dan Shar of MarketWatch was quoted by the news outlet claiming that the product aims to provide readers with the information they need to more closely follow emerging cryptocurrencies, like some of the world's most sophisticated investors.
"There is no doubt that our readers, as the world's most experienced investors, have an eye on the digital currency and we are happy to expand our real-time monitoring of a total of 9 cryptocurrencies in both euros and USD , with the help of Kraken "Shar said, according to the report.
The news comes at a time of increasing acceptance of cryptocurrencies in addition to BTC, as traders, consumers and investors begin to appreciate the value of cryptocurrencies like Bitcoin BCH, which are more effective in managing large-scale transactions. Sources have confirmed to CoinGeek that the information services Reuters and Bloomberg have recently added Bitcoin Cash to their respective cryptocurrency feeds. Bloomberg, which previously only had BTC, also included Ripple in its feed.
The Dow Jones Media Group has also increased its exposure to blockchain technologies in recent months, with the decision by MarketWatch to be the latest in a series of moves to capitalize on blockchain more broadly.
Last week, the group announced the collaboration with Brave, the startup of the web browser with a focus on user privacy, which would see the two working in partnership to deliver content via the latter's blockchain platform.
With the news that MarketWatch will support the new basket of cryptocurrencies, coins like BCH in particular are ready to benefit from the increase in exposure.
