Pricing provider BitcoinAverage expands its support for Ripple and Ethereum

It was announced today from BitcoinAverage, a data provider for blockchain assets known for its Global Bitcoin Price Index, that the company has added Ripple’s (XRP) cryptocurrency in its API offerings.

Moreover, BitcoinAverage added support for ETH/USD and ETH/EUR price pairs from the digital asset exchanges BTC-e and Space BTC. Ethereum has also grabbed a lot of awareness as of late, with its price more than doubling from $20 to $50.

The BitcoinAverage team said:

“As a business in the 21st century, we always make efforts to stay current with the latest trends. For us, a big part of this is keeping an eye on the emerging cryptocurrencies. One of them is Ripple. Ripple enables banks to leverage the blockchain technology to perform fast and low-cost international transfers. I believe Ripple was a little ahead of its time but it looks like the banks are finally recognizing its potential and are starting to partner with them.”

“Banks like Bank of America Merrill Lynch, Santander, Standard Chartered, Westpac Banking Corporation, Royal Bank of Canada and CIBC have joined Ripple’s Global Payments Steering Group (GPSG) just to name a few. This has definitely impacted the price, on March 31st it rose by 100% in just 24 hours. Also, Bitstamp introduced the XRP/BTC trading pair in February this year providing big incentives and discounts on trading with this pair.”

Back in February, we spoke exclusively with BitcoinAverage CEO Shuan Gilchrist for deeper insight into the services provided and his thoughts on recent developments in the cryptocurrency market. During that time, Chinese exchanges were beginning to halt leverage trading, impacting BTC volume measures across many data providers.

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