25 Nov '14, 3pm

OKCoin and itBit Added to CoinDesk Bitcoin Price Index

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 LakeBTC , with a total volume of 1,327,182 BTC for the same 30-day period. CoinDesk has adjusted its criteria for inclusion in the BPI. One of the conditions for inclusion is that fiat transfers into or out of the exchange must be completed within 24 hours. This criteria has been adjusted t...

Full article: http://www.coindesk.com/okcoin-itbit-added-coindesk-bitco...

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