TradingView has announced that it is launching a new ‘Crypto Dashboard.’ As one of the most well-known charting sites, the new addition is designed to aid investors in rapidly tracking and trading cryptocurrencies.
The news broke with the company branding the dashboard as ‘To the Moon with TradingView.’ The slogan is linked to the common cryptocurrency investor phrase about a coin ‘mooning’ — or rapidly increasing in value.
TradingView is already a widely used portal for cryptocurrency information, with the site’s data being used on Bitstamp, Bitfinex, and others. The new offering will undoubtedly simplify the link between traders and the market information they need.
In a further step toward cryptocurrency adoption, TradingView will accept Bitcoin as payment for the new platform for premium members. The site will now charge 0.09 BTC for one year of its full-access membership — 320.62 USD at the market leader’s current price. The move is interesting because the membership price is fixed directly to Bitcoin, rather than a fixed dollar amount with a floating BTC price. According to the offer:
We have locked the Premium plan price at BTC 0.09 to express our support of the crypto community. What this means for you is that the lower the BTC price the higher the discount.
TradingView now becomes one of the first such sites to offer a service that isn’t dependent on other currency. This movement away from fiat currencies is another small step toward the suggestion that Bitcoin is becoming ‘the money of the internet.’
TradingView has accepted Bitcoin as payment since 2013.
As larger websites like TradingView continue to push deeper into the cryptocurrency space, the sentiment of a Bitcoin bottom having already been reached becomes more realistic. While last year’s ‘Crypto Winter’ may still have legs, these kinds of movements are clearly a strong bullish signal for the market as a whole.
[bctt tweet=”As larger websites like TradingView continue to push deeper into the cryptocurrency space, the news of a Bitcoin bottom becomes more realistic.” username=”beincrypto”]
Of course, the adoption cycle is long on any investment. Bitcoin’s movement into the mainstream will certainly be a lengthy process. However, the movement is indicative of an overall willingness to embrace Bitcoin by larger websites. With recent reports of Morgan Creek’s investment and JP Morgan’s new in-house cryptocurrency, the behind-the-scenes news is very positive overall.
Finally, TradingView’s new dashboard will also bring cryptocurrencies into the view of legacy traders that access the site for data. Such visibility is a helpful step toward validation for those who would otherwise overlook Bitcoin — or dismiss it outright.
Do you think the TradingView addition is bullish, or is there still a long way to go for real mainstream adoption? Let us know in the comments below!
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