NYSE Offers Exchange-Calculated Bitcoin Index, with More to Come

NYXBT will initially be based off data from Coinbase Exchange.

NYSE will start offering a bitcoin index every day starting with data from transactions on Coinbase Exchange.

NYXBT will be the US dollar value of one bitcoin based on transactions occurring on bitcoin exchanges selected by NYSE. The index will be calculated as of 4 p.m. London time and published shortly thereafter.

The bitcoin-based index appears to be the first of more soon-to-be-released indexes by NYSE, according to statements made by NYSE group president Thomas Farley.

"Bitcoin values are quickly becoming a data point that our customers want to follow as they consider transacting, trading or invest