Bitcoin Price Index: XBX
The CoinDesk Bitcoin Price Index (XBX) is the go-to reference for the price of Bitcoin. It’s used by big players in the crypto world, like institutions and exchanges.
The XBX is like the gold standard for Bitcoin pricing. It’s the basis for billions of dollars in financial products and used for hundreds of millions in daily trades.
Here’s why it’s so trusted:
* **Reliable:** It’s been running continuously since 2014.
* **Replicable:** Anyone can see how the index is calculated.
* **Used by everyone:** From investors to exchanges, everyone relies on the XBX.
The XBX is just one part of CoinDesk’s suite of crypto indices.
