Cryptocurrency Becoming Mainstream with “Select Financial Stocks,” According to Recent Yahoo! Post
Yahoo! recently reported on Jack Ma, who is the founder of the Alibaba platform, and it has become evident how strong of a role that cryptocurrency has in mainstream finances. During the report, Yahoo! takes the time to provide a list of “select financial stocks.” On the list, traditional stocks are included, like American Express and Prudential Financial, with crypto-to-USD options available as well. Some investors and enthusiasts see this juxtaposition as a way that digital currency is becoming normalized for big businesses.
In the last week along, the Federal Reserve Economic Data (FRED) database added four new cryptocurrencies. That database will a well-respected source of information, which could influence investors to gravitate towards these platforms. As a whole, cryptocurrency has also created a new rating system within China that offers a ranking of the top 30 coins on the market, due to their technology, use, and innovative strides.
As of 10:15am EST, the following cryptocurrencies found a place in the Yahoo! report:
- Bitcoin Cash
- Binance Coin
- Ethereum Classic
- ICON Project
Presently, Yahoo! holds the sixth place in the world for websites, and presently has 151.2 million visitors every month.