How does CoinCodex track the price of Bitcoin?

3 answers

• Dec 24, 2021 · 3 years ago
  CoinCodex tracks the price of Bitcoin by aggregating data from various cryptocurrency exchanges. They collect data from multiple sources and use algorithms to calculate the average price. This helps to ensure that the price displayed on CoinCodex is representative of the overall market. The accuracy of their data depends on the reliability of the exchanges they gather data from, but CoinCodex strives to include data from reputable exchanges to maintain accuracy.
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• Dec 24, 2021 · 3 years ago
  CoinCodex uses an API to collect real-time price data from different cryptocurrency exchanges. They have partnerships with several exchanges, allowing them to access their price feeds. By combining the data from these exchanges, CoinCodex is able to provide a comprehensive view of the Bitcoin price. However, it's important to note that the price may vary slightly between exchanges due to factors such as liquidity and trading volume.
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• Dec 24, 2021 · 3 years ago
  CoinCodex is a popular platform for tracking cryptocurrency prices, including Bitcoin. They utilize a combination of data aggregation and advanced algorithms to ensure accurate and up-to-date price information. CoinCodex sources data from reputable exchanges and applies quality control measures to filter out any outliers or suspicious data. This helps to provide users with reliable and trustworthy price data. Additionally, CoinCodex continuously monitors the market to quickly detect and correct any discrepancies in the displayed prices.
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