The Global Bitcoin Index™ offers a real-time measure of Bitcoin prices. A simple global bitcoin index you can trust. It’s about time Bitcoin benchmarks kept pace with the changing world.
The Global Bitcoin Index™ is the most authoritative index for Bitcoin pricing. The criteria for index membership, calculations used, and all data is publicly available without restriction. The GBI™ is fiat money and volume agnostic and uses SEO metrics as the main driver for weighting.
Global Bitcoin Index™ Methodology
Bitcoin trading is still in its nascent stages and we expect many of today’s leading exchanges to be displaced as advancements in blockchain technology, further clarity of the regulatory environment, mass adoption and other catalysts come to light.
The index was developed by taking into account its dynamically updated composition and representation of all of all major bitcoin indexes that report on the bitcoin price.
Bitcoin is the world’s currency and it belongs to everyone equally. The Global Bitcoin Index™ is fiat money and volume agnostic. Our proprietary model calculates the price of bitcoin by weighting each index on a variety of SEO factors.
Global Bitcoin Index™ Collection
The Global Bitcoin Index™ spot price is calculated every 10 seconds by taking the volume weighted average of the last 24 hours of trading, using Coordinated Universal Time (UTC), the time standard commonly used across the world to synchronize time across internet networks.
We hope this straightforward formula makes it easier for analysis as well as helps users understand any variances in the data as more exchanges are brought into the index.
If any changes are made in the way we calculate the formula we will update those changes here as well as the Global Bitcoin Index™ API documentation.
Global Bitcoin Index™ Data
Timestamped data is collected from each exchange included in the index every 10 seconds from three IP addresses in three different countries. We do this to minimize ERROR return values to ensure data integrity.
Removed the newsfeed and changed the methodology for calculating the Global Bitcoin Index™
Ratings and Reviews
I'm in the markets each and everyday, sometimes as many as 15 hour a day and the prices are SO high I don't understand why. I mean I know each one of the exchanges you list and I can tell you each exchanges price with a 95% to 97.5% accuracy. And maybe you need someone like me to get your exchange prices in order. As I went through them just now LTC price on the app is 253% higher than anywhere. Bitcoin prices are $185 higher than anywhere. The app has a very good base it just feels like you are not so focused on pinging prices but more directed towards News. If that's the case, you are solid but could I ask why even have the exchange prices? Again I'm not trying to knock down your app, I'm more trying to figure out why. Also giving you a suggestion to get a person that is as deep in the markets, such as I am. Hope you don't take this as a bad comment, as I don't mean that.
The Missing App for Digital Currency Users
If you’re using Bitcoin, Dodgecoin, Litecoin or another crypto-currency, this app provides a quick and easy way to check the current value, market cap or check the news of that currency. Its killer feature could be it’s currency converter calculator, which would be critical for on-the-go transactions. I’m impressed.
Great Crypto App
Nice easy to use app for all things crypto. In addition to news, charts, and price I like that they include the ability to also have all those things for alts and allow ability to display pricing from several different exchanges. The app would be better if they included coinbase pricing and the ability to setup alerts for all coins.
With Family Sharing set up, up to six family members can use this app.