Designed to aggregate digital asset and cryptocurrency transaction data from 300+ exchanges, CCData's Adaptive Diversified Liquidity Index (CADLI) delivering a USD price for over 30,000+ markets across 4,000 cryptocurrencies, including Bitcoin, Ethereum and more.
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CCData, the global standard in digital asset data, indices and research, today unveiled its latest launch, the CCData Adaptive Diversified Liquidity Index (CADLI). This new tool marks another step forward in cryptocurrency market analysis, offering a sophisticated, real-time market average estimation that facilitates price aggregation, especially for low liquidity coins.
Designed to cater to the evolving needs of modern financial markets, CADLI integrates complex data from a wide range of exchanges to provide a unified USD price for more than 4,000 cryptocurrencies offering a sophisticated, real-time and historical market average estimation. CADLI's key features include high-frequency resilience to manage intense trade volumes, adaptive real-time composition to incorporate new trading markets, extensive market coverage with over 30,000 constituent pairs, and robust security protocols, ensuring data integrity.
The CADLI methodology encompasses a volume-weighted average calculation, a time-penalty factor, and an advanced outlier detection system, ensuring a balanced and accurate representation of cryptocurrency values. This multifaceted approach addresses the dynamic and complex nature of cryptoocurrency valuation, providing a robust tool for market participants.
Charles Hayter, CEO of CCData, commented on the launch: “CADLI represents our dedication to advancing digital asset analytics. It's a comprehensive tool that brings clarity and depth to cryptocurrency valuation and the most accurate price aggregation, an essential resource for stakeholders seeking a nuanced understanding of the digital asset market.”
Chainlink, the industry-standard decentralized oracle network and a client for CADLI, was a key driver in developing this suite that caters to the specific needs of their vast user base. This highlights CADLI’s applicability and effectiveness in meeting the diverse needs of the digital asset ecosystem.
CADLI is set to enhance the way stakeholders and market analysts engage with and understand the ever-evolving cryptocurrency market.
For more information on CADLI and its impact on digital asset valuation, please visit ccdata.io/indices/CADLI
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