Where does Coinbase get the prices for digital currencies?

3 answers

• Krushna LoharMay 04, 2024 · 2 years ago
  Coinbase obtains the prices for digital currencies from various sources, including cryptocurrency exchanges, market makers, and liquidity providers. They aggregate data from these sources to calculate an average price for each digital currency. This ensures that the prices on Coinbase are reflective of the overall market sentiment and provide users with accurate and up-to-date information.
  392

  196
• artSep 20, 2023 · 2 years ago
  The prices on Coinbase are determined by supply and demand dynamics in the market. When there is high demand for a particular digital currency, its price tends to increase. Conversely, when there is low demand or a surplus of supply, the price may decrease. Coinbase takes into account these market forces and adjusts the prices accordingly to maintain a fair and competitive marketplace for its users.
  402

  134
• Mahmoud PollardMar 04, 2021 · 5 years ago
  As a leading digital currency exchange, Coinbase has established partnerships with multiple liquidity providers and exchanges to source price data. This allows them to access a wide range of market data and ensure the accuracy and reliability of their price feeds. By leveraging these partnerships, Coinbase is able to provide users with real-time prices that reflect the current market conditions.
  398

  100