A user of the Bloomberg Professional Service happened to send the following inquiry to their support:
“Please add Litecoin (LTC) to the VCCY screen. Perhaps Dogecoin in the near future. Thank you.”
To his surprise, he received the following response:
ATFX Institutional Business Continues to Expand: Adding a New Prime BrokerGo to article >>
“Thanks for your feedback. There is currently a development request to add more sources for the virtual currencies listed in VCCY including litecoin. Our product and programming team are currently looking into this. I have linked you to the request and we will reach out to you once we receive further updates from the team. Let us know if you have further questions.”
If Bloomberg does indeed add altcoins, they’re one step ahead of Google and Yahoo who have just barely gotten started with Bitcoin. Bloomberg already added Bitcoin over one month ago. It also makes it more likely for them to continue along Bloomberg’s trajectory and add alts as well. Such additions will not only grant alts with an extra blessing of legitimacy, but will also cement the earlier Bitcoin addition, which will then rank as more “mainstream”.
Getting started with altcoins though may open a can of worms. If Litecoin and Dogecoin are added, where do you draw the line? Will they stick to the most valuable coins like Nxt, Peercoin and Namecoin? Or do they allow the likes of Hawaiicoin and Potcoin? Backers of various coins may cry foul if their coin is discriminated against by the big players. The question will come up: what exactly is your criteria for coin selection?