How It Works:
This chart is a weighted index of leading [cryptocurrency] exchanges. It was created by professionals to provide you with:
- A comprehensive index of prices across major trading platforms.
- A live feed designed to show you accurate, up to date values for commerce and trade.
This index provides a value, in US dollars, for 1 [cryptocurrency] calculated every 5 minutes.
It then uses Brave New Coin’s proprietary techniques to combine base exchange prices from each exchange. This makes it easy for the Index to respond to sudden changes, but also reduces the impact of uncommon and outlier transactions.
If a transaction is not in USD, it is converted at current international rates. This currently pertains to trades coming from BTC China and Kraken for BTC/CNY and BTC/EUR.
Each quarter, the BNC Index Steering Committee reevaluates these parameters and constituents.
This produces a high quality index that captures an accurate image of legitimate digital currency trading across the globe.
However, this is not the official trading price used by Blocktrade IRA. For official quotes, please contact us at 833-IRA-COIN