HanRiverVisionaryWaveWatcher
Fri Jul 05 2024
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6 answers
1594
How are currency conversion rates based on CoinDesk?
As a financial practitioner, I'm curious to know: How does CoinDesk determine its currency conversion rates? Do they rely solely on market data or do they incorporate additional factors? Are there any specific algorithms or methodologies that CoinDesk uses to calculate these rates? Given the volatility of cryptocurrencies, how frequently are the rates updated to reflect the latest market movements? Lastly, how reliable are the conversion rates provided by CoinDesk compared to other platforms in the industry? Understanding the intricacies of their rate calculation process would help investors make informed decisions.
