PRICE INDEX

PRICE INDEX

  • What is a price index?

A PRICE INDEX is a normalized average, typically a weighted average, of price relatives for  a  given class of goods or services in a given region, during a given interval of time.

 

  • How does CP Processor calculate the price index for popular cryptocurrencies?

The BITCOIN PRICE INDEX – iBTC is calculated based on the Relevant Transactions on all Representative Exchanges. Calculation steps for the iBTC on any given Calculation Day are as follows:

 

  1. All Relevant Transactions are added to a raw database, recording the trade price and size for each transaction.

Raw data consist of data in this form:

Date Time Type Price Amount ID Exchange
YYYY-MM-DD HH-MM-SS bid/ask string string string string

2. The data is partitioned into 6 equally-sized time intervals of 10 seconds each.

3. For each partition separately, the volume-weighted median trade price is calculated from the trade prices and sizes of all Relevant Transactions, i.e. across all Representative Exchanges. A volume-weighted median differs from a standard median in that a weighting factor, in this case trade size, is factored into the calculation.

4. The iBTC is then given by the equally-weighted average of the volume-weighted medians of all partitions.

 

  • Can I use CP Processor price index widget on my website or App?

Yes, it is free and you can use it without any obligations.

These are the best standardized indexes on the crypto market.

Preview our Price Index widgets https://coinpaymentprocessor.org/widgets.html

FREE USE Price Index widgets https://coinpaymentprocessor.org/widgets/

 

  • Which are the Representative Exchanges?

A Representative Exchange is a cryptocurrency trading venue elected by the Gold Partner – PS Invest analytics research to serve as pricing source for the calculation of the crypto and fiat currency pair. At the moment, Representative Exchanges are :

 

No. Exchange WEB

Socket

Rest API
1. Binance NO_2 OK
2. BitBay NO_1 OK
3. Bitfinex OK_1  
4. bitFlyer OK_3  
5. Bithumb NO_1 OK
6. Bitstamp NO_1 OK
7. Bittrex NO_2 OK
8. BTC Box   OK
9. CEX io NO_2 OK
10. Coinnest NO_1 OK
11. Coinone NO_1 OK
12. Exmo NO_1 OK
13. Exx OK_1  
14. Fisco OK_1  
15. Gate io NO_1 OK
16. GDAX OK_1  
17. Gemini OK_1  
18. HitBTC OK_1  
19. Korbit NO_1 OK
20. Kraken NO_1 OK
21. Kucoin NO_1 OK
22. LakeBTC NO_1 OK
23. Liqui NO_1 OK
24. Livecoin NO_1 OK
25. OKEx OK_1  
26. Poloniex OK_1  
27. Quolne NO_1 OK
28. WEX NO_1 OK
29. YoBit NO_1 OK
30. Zaif OK_1  
31. zbcom OK_1  

 

 

  • For which cryptocurrencies does CP Processor calculate price indexes?

We calculate 5 most important crypto currencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP) and Bitcoin Cash(BCH).

 

FREE download methodology: https://coinpaymentprocessor.org/documents/iBTC%20METHODOLOGY%20GUIDE%20v1.2.pdf

https://coinpaymentprocessor.org/documents/iETH%20METHODOLOGY%20GUIDE%20v1.2.pdf

https://coinpaymentprocessor.org/documents/iXRP%20METHODOLOGY%20GUIDE%20v1.2.pdf

https://coinpaymentprocessor.org/documents/iLTC%20METHODOLOGY%20GUIDE%20v1.2.pdf

https://coinpaymentprocessor.org/documents/iBCH%20METHODOLOGY%20GUIDE%20v1.2.pdf

 

  • Will CP Processor calculate price indexes for more cryptocurrencies in the future?

Yes, there will be TOP 20 cryptocyrrency price indexes in the future.

 

  • Do I have to pay for price index widgets?

You do not have any obligations exept to maintain CP Processor design as it

is (with our brand logo). They are free and will be free forever.