|Type||Price (USD)||Premium||24H Vol|
CoinDesk’s XBX Index represents a real-time, USD-equivalent spot rate for Bitcoin. The index value is algorithmically calculated once every second based on observed trading activity on leading Bitcoin exchanges. The index has been in operation since April 2014 and was launched publicly on November 3, 2014.
The XBX 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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