Name Two Major Exchanges Whose Data Is Often Used to Calculate a Bitcoin Index Price.
Two major exchanges whose data is frequently used to calculate a composite Bitcoin Index Price are Coinbase and Kraken. These exchanges are generally recognized for their high trading volume, regulatory compliance, and reliable price feeds, making them suitable constituents for a robust index.
Glossar
Bitcoin Index
Benchmark ⎊ The Bitcoin Index, in the context of cryptocurrency derivatives, serves as a benchmark reflecting the aggregate market value of Bitcoin.
Composite Bitcoin Index
Derivation ⎊ The Composite Bitcoin Index represents a methodology for aggregating price data from multiple cryptocurrency exchanges, aiming to establish a representative benchmark for Bitcoin’s market value.
Major Exchanges
Liquidity ⎊ Major exchanges, functioning as central limit order books or increasingly, hybrid automated market makers, represent critical infrastructure for price discovery and efficient capital allocation within cryptocurrency, options, and derivatives markets.
Decentralized Exchanges
Access ⎊ These platforms offer permissionless entry to cryptocurrency and tokenized asset markets, democratizing capital deployment into novel financial structures.