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What is CoinDesk Bitcoin Cash price index (BCX)?

The CoinDesk Bitcoin Cash Price Index (BCX) provides a USD-denominated reference rate for the spot price of Bitcoin Cash (BCH). The index leverages real-time prices from multiple constituent exchanges to provide a representative spot price.

What is a bitcoin exchange?

A Bitcoin exchange is a digital marketplace where traders can buy and sell Bitcoins using different fiat currencies or altcoins. A Bitcoin currency exchange is an online platform that acts as an intermediary between buyers and sellers of the cryptocurrency . The currency ticker used for Bitcoin is either BTC or XBT.

How do bitcoin exchange platforms work?

Bitcoin exchange platforms match buyers with sellers. Like a traditional stock exchange, traders can opt to buy and sell bitcoin by inputting either a market order or a limit order. When a market order is selected, the trader authorizes the exchange to trade the coins for the best available price in the online marketplace.

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