OKCoin and itBit Added to CoinDesk Bitcoin Price Index
Two more exchanges, OKCoin and itBit, have been added to CoinDesk's USD Bitcoin Price Index. These additions will be live as of 15:00 GMT today, the 25th November. Both exchanges see a significant amount of USD-BTC trade. OKCoin's US dollar trading volume over the 30-day period ended 11th November stood at 280,279 BTC. This figure amounts to 17.44% of the total volume on exchanges tracked by the BPI, according to data from Bitcoinity.org. The same measure for itBit stood at 57,727 BTC, or 4.17% of total volume. The other exchanges tracked by the BPI are Bitstamp, Bitfinex, BTC-e and....
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CoinDesk is pleased to announce the addition of Coinbase and itBit to its Bitcoin Price Index (BPI). First launched in September 2013, CoinDesk's BPI provides the most accurate bitcoin price using an average from the world's leading exchanges. Boasting a BTC/USD combined trading volume of approximately $3.6m in the last 24 hours, Coinbase and itBit join previously approved exchanges Bitstamp, Bitfinex, BTC-e and OKCoin. Jon Matonis, editorial board member at CoinDesk, commented on the integration: "Coinbase and itBit have each demonstrated consistent volume and growth over a significant....
CME Group has added China-based digital currency exchange OKCoin to its bitcoin pricing indexes, first announced in May. Created through a partnership with London-based Crypto Facilities, the CME CF Bitcoin Reference Rate and CME CF Bitcoin Real Time Index are scheduled to go into beta at the beginning of October, with a public beta to begin in November. Already included in the index are major digital currency exchanges including Bitfinex, Bitstamp, Coinbase, Genesis Global Trading, itBit and Kraken. In statements, OKCoin told CoinDesk the move reflects its increased focus on compliance....
The price of bitcoin topped $400 on the CoinDesk USD Bitcoin Price Index today, its highest value over the last four weeks. The press time value of $401.83 represented the highest bitcoin price observed since 5th November, when the price hit a high of $447.25 across major USD exchanges including Bitstamp, Bitfinex, Coinbase, itBit and OKCoin. Data shows the price began its most rapid runup at 22:30 UTC on 5th December, when the price rose abruptly from $377.49 to $385.93 over a 10-minute period. So far, the price rally has continued into 6th December, with bitcoin's value up 3% over the....
OKCoin, a cryptocurrency exchange that offers trades between Bitcoin (BTC), Litecoin (LTC), US Dollar (USD), and Chinese Yuan (CNY), has added margin trading to its iOS and Android apps. “In our continued efforts to build the world’s best retail and institutional blockchain asset exchange, OKCoin has added margin trading to its iOS and Android Apps. OKCoin.cn CNY users can trade on up to 5x margin while OKCoin.com USD users can trade on up to 3.3x margin. Thanks for your feedback and continued support of OKCoin. We hope you like it!” added OKCoin in a statement. OKCoin released the....
Texas, long considered one of the friendliest states in the US to bitcoin, now has one less industry startup operating within its borders. In a phone conversation with CoinDesk, a representative of bitcoin exchange itBit said it would no longer be doing business in the state. Spokesman Kyle Arteaga told CoinDesk: "I can confirm that itBit is no longer supporting Texas residents at this time." Affected customers have until 14th April to withdraw their funds. That leaves itBit open for business in the other 49 states. In May 2015, itBit announced it had been granted status....