Pricing Methodology of Crypto Exchange Quotations

In this document you can find information about our pricing data.

API Location

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.

Outliers and Market Manipulation

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.