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How often are cryptocurrency prices compounded?

avatarbobby johnNov 26, 2021 · 3 years ago3 answers

Can you explain how often cryptocurrency prices are compounded? I'm curious about the frequency at which the prices of cryptocurrencies are updated and compounded. How does this process work?

How often are cryptocurrency prices compounded?
Cryptocurrency
Prices
Compounding

3 answers

  • avatarNov 26, 2021 · 3 years ago
    Cryptocurrency prices are compounded continuously, meaning they are updated in real-time. This is because cryptocurrencies are traded on various exchanges around the world, and each exchange has its own order book and trading volume. As a result, the prices of cryptocurrencies can fluctuate rapidly, and the compounding process ensures that the most up-to-date prices are reflected in the market.
  • avatarNov 26, 2021 · 3 years ago
    Cryptocurrency prices are compounded every second. The compounding process takes into account the trading activity and liquidity on different exchanges to determine the most accurate and current price. This ensures that traders have access to the latest information and can make informed decisions based on real-time data.
  • avatarNov 26, 2021 · 3 years ago
    At BYDFi, cryptocurrency prices are compounded every minute. Our platform aggregates data from multiple exchanges and calculates a weighted average price to provide users with a comprehensive view of the market. This ensures that our users have access to accurate and up-to-date cryptocurrency prices.

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