Pricing Methodology of Crypto Exchange Quotations
In this document you can find information about our pricing data.
Our crypto exchange quotations can be retrieved from our API using https://api.diadata.org/v1/quotation/[TLA], with TLA being the short name of a currency. As an example, the current Bitcoin price is stored at https://api.diadata.org/v1/quotation/BTC.
Detecting and excluding outliers and market manipulation is an important data processing task, especially in small and (somewhat) intransparent markets.
We calculate our cryptocurrency-spot-prices using 120-second moving average (SMA). In order to create reliable pricing, we also exclude data points & sets that lie outside of an acceptable range relative to the interquartile range of all data points.
This will be constantly improved over time with crowd-driven algorithmic improvements from the traditional financial space, taking into consideration that high volatility is aprt of the cryptocurrency space.