How we do EtherPricing ether price index?

Exchanges all
over the Internet

poloniex 36.5m฿ bitfinex $15.8 ... kraken €14.8
kraken 36.4m฿ kraken $15.9 ... gatecoin €14.3
... ... ... ...
bittrex 36.5m฿ ...

1. We collect pieces of data from all available exchanges over the Internet. Each piece consists of

  1. nominated currency
  2. last trade price
  3. 24h sliding window trading volume
For multicurrency exchanges like Kraken we collect multiple pieces, separately for each currency.
This data is collected roughly every minute, and cycle time may slightly vary depending on the load time for various exchanges.

  • ...

2. When all data is collected we calculate weighted averages within each currency according to trading volumes. Weighted averages are calculated for last price.

  • ฿
  • $
    ฿
  • ...
  • €
    ฿

3. Global average is calculated using bitcoin exchange rates. . To calculate global average we choose a target currency (bitcoin).
Then we convert each market's weighted average into target currency using exchange rates provided by bitcoinaverage.com.

4. Then the global weighted average is calculated using each market's average converted into target currency.
Each market's total trading volume is used as weight for calculation.

฿
36.5

5. Finally global weighted average is formed.




All figures in this example are for illustration only and do not represent actual current exchange rates.