The Price Index refers to the average price of the subjected Cryptocurrency taken from a basket of the same assets of other platforms. The Price Index is a powerful tool used to gain insights in different Cryptocurrencies and as well as obtain a fair value for the subjected Cryptocurrency.
To check the index price of a pair:
- Log In to your Bitflex account and click on trade.
- Hover onto the list on the top left corner and select the pair.
- You can view the index price of that pair in the contract information bar.
We are using the following formulas to calculate the Index Price of the following pairs:
Index Price of BTCUSDT= (COINBASE.BTCUSDT+BITSTAMP.BTCUSDT+GEMINI.BTCUSDT)/3
Index Price of ETHUSDT = (COINBASE.ETHUSDT+BITFINEX.ETHUSDT+KRAKEN.ETHUSDT+BITSTAMP.ETHUSDT)/4
Index Price of BNBUSDT = (COINBASE.BNBUSDT+BINANCE.BNBUSDT)/2
Index Price of ADAUSDT = (BINANCE.ADAUSDT+HUOBI.ADAUSDT+OKEX.ADAUSDT+BITFINEX.ADAUSDT)/4
Index Price of DOTUSDT = (COINBASE.DOTUSDT+BINANCE.DOTUSDT+BITFINEX.DOTUSDT)/3
Index Price of FTMUSDT = (COINBASE.FTMUSDT+BINANCE.FTMUSDT+BITFINEX.FTMUSDT)/3
Index Price of NEARUSDT = (COINBASE.NEARUSDT+BINANCE.NEARUSDT+BITFINEX.NEARUSDT)/3
Index Price of XRPUSDT = (BITSTAMP.XRPUSDT+COINBASE.XRPUSDT+BITFINEX.XRPUSDT+KRAKEN.XRPUSDT)/4
Comments
0 comments
Article is closed for comments.