CoinDesk Launches Bitcoin Price Index as Reliable Benchmark for Crypto Market
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The CoinDesk Bitcoin Price Index (XBX) is a benchmark for the price of bitcoin used by major crypto institutions.
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XBX launched in 2014 and is relied on for pricing registered financial products and OTC transactions.
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It aims to provide a replicable, reliable bitcoin price index as a standard for the crypto market.
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The XBX is part of a portfolio of single- and multi-asset indices offered by CoinDesk.
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It indexes billions in registered financial products and hundreds of millions in daily OTC transactions.