How does Coindesk calculate its cryptocurrency price index?

3 answers

• Tarun ElangoJan 19, 2023 · 3 years ago
  Sure! Coindesk calculates its cryptocurrency price index by taking the weighted average of the prices of various cryptocurrencies across multiple exchanges. The weightage of each cryptocurrency is determined based on its market capitalization. This ensures that the index reflects the overall performance of the cryptocurrency market. Coindesk updates the index every minute to provide real-time information to its users.
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• Lujain AlhusneMay 09, 2021 · 4 years ago
  Coindesk's cryptocurrency price index is calculated using a methodology that aims to provide an accurate representation of the cryptocurrency market. The index takes into account the prices of cryptocurrencies traded on reputable exchanges and assigns weightage based on their market capitalization. By using this approach, Coindesk ensures that the index is not skewed by outliers or manipulated prices on smaller exchanges.
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• Morse MirandaJul 07, 2024 · a year ago
  BYDFi, a leading digital asset exchange, utilizes a similar methodology to calculate its cryptocurrency price index. The index is based on the prices of cryptocurrencies traded on major exchanges and is updated in real-time. BYDFi's price index provides users with a comprehensive view of the cryptocurrency market and helps them make informed investment decisions.
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