![]() ![]() On exchanges, traders submit orders that specify either the highest price at which they’re willing to buy the cryptocurrency, or the lowest price at which they’re willing to sell. Depending on the exchange, cryptocurrencies can be traded against other cryptocurrencies (for example BTC/ETH) or against fiat currencies like USD or EUR (for example BTC/USD). This way, we can determine an average price that reflects cryptocurrency market conditions as accurately as possible.Ĭryptocurrency exchanges provide markets where cryptocurrencies are bought and sold 24/7. In the case of Bitcoin, as long as you control the private key necessary to transact with your BTC, you can send your BTC to anyone in the world for any reason.Ĭrypto prices are calculated by averaging cryptocurrency exchange rates on different cryptocurrency trading platforms. A cryptocurrency wallet is software that manages private and public keys. In order to send and receive a cryptocurrency, you need a cryptocurrency wallet. Proof-of-Work coins use mining, while Proof-of-Stake coins use staking to achieve consensus about the state of the ledger. The two major categories of cryptocurrencies are Proof-of-Work and Proof-of-Stake. While all cryptocurrencies leverage cryptographic methods to some extent (hence the name), we can now find a number of different cryptocurrency designs that all have their own strengths and weaknesses. However, not all cryptocurrencies work in the same way. With permissionless cryptocurrencies, a node can be operated by anyone, provided they have the necessary technical knowledge, computer hardware and bandwidth. CryptoCompare adheres to the most rigorous standards to safeguard data integrity, normalising global sources to ensure consistency and confidence in the market. To ensure the integrity of our data, we regularly review crypto exchanges, monitor for market abuse and take regional anomalies and geographical movements into consideration.Cryptocurrency works through networks of nodes that are constantly communicating with each other to stay updated about the current state of the ledger. We pride ourselves on our data integrity and scope of data and we continually invest in our technology and API to ensure our infrastructure remains robust and both the retail and institutional investors can access data to execute their investment portfolios. At a granular level, we produce: cryptocurrency trade data, order book data, blockchain and historical data, social data, reports and a suite of cryptocurrency indices. By aggregating and analysing tick data from globally recognised exchanges, and seamlessly integrating different datasets in the cryptocurrency price, CryptoCompare provides a comprehensive, holistic overview of the market. CryptoCompare is a central authority for clear and concise information, offering unrivalled breadth, scope and depth of data, bridging the gap between the crypto asset and traditional financial markets.įounded in 2014, CryptoCompare is a global cryptocurrency market data provider, giving institutional and retail investors access to real-time, high-quality, reliable market and pricing data on 5,300+ coins and 240,000+ currency pairs. ![]()
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