CryptoCompare today published its monthly Exchange Review for November 2018, offering institutional and retail investors insights into the cryptocurrency exchange industry as well as any changes to constituent exchanges that make up CryptoCompare’s CCCAGG price indices.
London, 6 December 2018: CryptoCompare, the global cryptocurrency market data provider, today published its monthly Exchange Review for November 2018, offering institutional and retail investors insights into the cryptocurrency exchange industry as well as any changes to constituent exchanges that make up CryptoCompare’s CCCAGG price indices.
As for previous editions, the monthly review includes news highlights; a market segmentation and overview; exchange trade data; information on Bitcoin to Fiat volumes; country and web traffic analysis.
Key findings from the November review include:
Charles Hayter, CEO of CryptoCompare, said:
“We have seen great interest in our monthly reports and are constantly adding new features to our regular analysis. Real-time, accurate cryptocurrency market data remains crucial to our universe of retail and institutional investors, as we see more assets migrating to the digital format due to its immediacy and friction-less global nature. Our report is designed to safeguard data accuracy and integrity, to ensure consistency and confidence in the market”
The November Exchange Review can be found here »
The Methodology: CryptoCompare’s Monthly Exchange Review evaluates the consistency and quality of exchange data, which is incorporated into CryptoCompare’s real-time Aggregate Index Methodology (the CCCAGG), used to calculate the best price estimation of cryptocurrency pairs traded across global exchanges. It aggregates transactional data from more than 70 exchanges using a 24-hour volume weighted average for every cryptocurrency pair. Constituent CCCAGG exchanges are reviewed and amended each month to ensure that the most representative and reliable market data is used in CCCAGG pair pricing calculations.
Media contacts
Sybille Mueller and Caroline Villiers, Streets Consulting
Email: sybille.mueller@streetsconsulting.com; caroline.villiers@streetsconsulting.com
Tel: 020 7959 2235
About CryptoCompare
CryptoCompare is the global cryptocurrency market data aggregator, providing retail and institutional investors with real-time, high-quality and reliable market and pricing data on 5,000+ coins and 200,000+ currency pairs globally, bridging the gap between the crypto asset and traditional financial markets.
By aggregating and analysing tick data from globally recognised exchanges and seamlessly integrating different datasets in the cryptocurrency price, CryptoCompare provides a comprehensive overview of the market and a fundamental value matrix. At a granular level, CryptoCompare produces cryptocurrency trade data, order book data, block explorer data and social data, taxonomy reports and a suite of cryptocurrency indices.
Acting as a gatekeeper for reliable, accurate and clean data, that can be trusted as the basis for investment decisions, CryptoCompare adheres to rigorous standards to safeguard data integrity, normalising global data sources to ensure consistency and confidence in the market.
For more information, please visit our website or follow us on Twitter @CryptoCompare.
Notes to editors:
Data methodology: how do we assess exchange data?
We assess exchanges on the basis of spot 24-hour volume and pricing data. The current process operates as follows: for each exchange, the 24-hour volume and price of every live trading pair is recorded. Each pair volume is compared to the total market volume for that specific pair and assigned a market share ranking. Pricing for each pair is then compared to that of the CCCAGG pair, and a percentage price difference is calculated. Finally, a 24-hour volume weighted % price difference per pair is calculated to produce a figure for how close the overall exchange pricing differences are to that of the CCCAGG.
As a general guideline, CryptoCompare assumes that exchanges with an overall percentage pricing difference of under 10% is within acceptable boundaries. The reasons for pricing differences across exchanges may be related to a number of factors that include exchange fees, jurisdiction, tax considerations among a series of other factors. It is however, the first indicator of acceptability within the CCCAGG exchange list.
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