The largest South Korean cryptocurrency exchange Bithumb announced the launch of indicators of market movements digital assets. These indexes will allow traders to monitor the movements of the prices of all coins that are traded on the platform, according to Bitcoin.com.
Two indexes, Bithumb Market Index (BTMI) and Bithumb Altcoin Market Index (BTAI) incorporated in the indicator Bithumb Crypto Index (BTCI). Every trader can focus on this as a summary indicator of market movement and the indexes separately. The first indicator BTMI shows the dynamics of the movement of all crypto-currencies on the exchange, and second, BTAI, only the movement value of altcoins, without regard to bitcoin.
The indicators are updated every ten seconds, and data are generated in real-time.
On Bithumb 53 traded the digital currency’s daily trading volume exceeds $726,48 million Earlier it was reported that Bihumb plans to launch its own peer-to-peer trading platform.
The same figure of the cryptocurrency has other South Korean exchange Upbit. Indicator Cryptocurrency Upbit Index (UBCI) also consists of two indexes — Upbit Market Index (UBMI) and Upbit Altcoin Index (UBAI). However, each index is divided into subindexes, reflecting not only the market situation but also the strategic behavior of players.
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