|Type||Price (USD)||Premium||24H Vol|
CoinDesk’s ECX Index represents a real-time, USD-equivalent spot rate for Ether Classic. The index value is algorithmically calculated once every second based on observed trading activity on leading Ether Classic exchanges. The index has been in operation since December 2016 and was launched publicly on April 10, 2017.
The ECX Index is designed as a reference rate to track liquidity while also adjusting for deviations caused by anomalies and manipulation attempts at individual exchanges. While the precise formula underlying the index is currently proprietary, the key elements of the algorithm are outlined below.
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