Google has included cryptocurrency to its finance platform. The selected cryptocurrencies include Bitcoin, Ethereum, and Litecoin. Google Finance, a data site of the trillion-dollar company, Google, created a ‘Crypto’ section, paying more attention to Bitcoin (BTC), Bitcoin cash (BCH), Ethereum (ETH), and Litecoin (LTC). The newly incorporated ‘Crypto’ section now appears in the ‘Compare Markets’ category, alongside conventional stock and currency markets. With this new feature on Google finance, users can now easily monitor the performance of various cryptocurrencies.
Over the past months Cryptocurrency, Bitcoin especially, has attracted mainstream attention, and it continues to gain prominence, with big companies, organizations, institutional investors and corporation taking interest and investing in the asset class. And as such, Google’s addition of Bitcoin, Ethereum, and Litecoin to its finance platform comes as no surprise to market observers. The increase in demand of cryptocurrencies due to the involvement of such large companies and institutional investors helped to boost the market capitalization of cryptocurrencies past $1 trillion in January. At current values, the digital asset class is worth over $1.4 trillion.
No doubt, the year 2021 continues to unfold as a very progressive and quite interesting year for cryptocurrency. Digital currency continues to gain credibility and to take a firm stand in the financial firmament. Large companies like MasterCard, and BNY Mellon; America’s oldest bank have shown their support for the world’s largest cryptocurrency, Bitcoin. Bitcoin has experienced an incredible increase in value recently, owing its surge to institutional investments. This sets it apart from the bull market of 2017, which was primarily driven by retail investors.
MasterCard some weeks ago mentioned that it would open up its network to some cryptocurrencies including Bitcoin. The world’s biggest asset fund manager BlackRock, and electronic commerce company, PayPal have also taken significant steps to support crypto. Reportedly, many other companies might soon follow the trend and invest in Bitcoin.
At the moment, it seems that Google Finance is limiting its monitoring of cryptocurrency to certain cryptocurrencies. When clicking the ‘Crypto’ icon on Google Finance, Bitcoin, Ethereum, Litecoin and bitcoin cash are shown by default.