What is CoinDesk bitcoin price index (XBX)?

They are the industry standard for institutional-grade cryptocurrency pricing with billions of dollars in monthly trading volume quoted against them. The flagship CoinDesk Bitcoin Price Index (XBX) is a spot reference rate for BTC that benchmarks the world's first publicly traded bitcoin fund and the world's first bitcoin ETF.

How does CoinDesk calculate Bitcoin & cryptocurrencies?

CoinDesk's Bitcoin and Cryptocurrency Calculator determines the exchange rates between major fiat currencies and cryptocurrencies – including BTC, BCH, ETH and XRP to USD, EUR, GBP, IDR and NGN – with up to six decimal places of accuracy. Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets.

What are CoinDesk indices?

CoinDesk Indices are the industry standard for institutional single- and multi-asset benchmarks for crypto assets. The flagship CoinDesk Bitcoin Price Index (XBX) has been in operation continuously since 2014.

How are currency conversion rates based on CoinDesk?

Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates.