The largest crypto exchange in South Korea by trading volume, Bithumb, launched Bithumb Crypto Index (BTCI).
The Bithumb Crypto Index (BTCI) is composed by two separate indices: Bithumb Market Index (BTMI) and Bithumb Altcoin Market Index (BTAI). The first one (BRMI) is calculated on the base of all cryptocurrencies listed on Bithumb and gives an overview of cryptocurrency market price changes. The second one (BTAI) is based on all non-bitcoin cryptocurrencies listed on the exchange and shows price changes on cryptocurrency market excluding bitcoin.
The main aim of the indices is to represent the market trends and provide information on the liquidity to investors just in one single indicator. The calculation of the BTCI takes place every 10 seconds.
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