Designed to aggregate digital asset and cryptocurrency transaction data from 300+ exchanges, delivering a USD price for over 30,000+ markets across 4,000 cryptocurrencies, including Bitcoin, Ethereum and more.
CADLI, CCData's Adaptive Diversified Liquidity Index, is designed to aggregate digital asset and cryptocurrency transaction data from 300+ exchanges, delivering a USD price for over 30,000+ markets across 4,000 cryptocurrencies, including Bitcoin, Ethereum and more.
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CADLI seamlessly consolidates all markets where a chosen asset is actively traded. It excels in price discovery, efficiently providing accurate pricing in any requested fiat or stablecoin, even for assets with lower liquidity.
Our commitment to thorough and precise price discovery sets CADLI apart, particularly when dealing with assets that may have lower liquidity across various markets.
CADLI blends all accessible markets, offering a comprehensive perspective on liquidity and volume for a specific asset. Analysis can be refined by prioritising selected markets.
This seamless integration empowers a thorough understanding of trading activity for more effective decision-making.
This blog covers the introduction of CADLI, CCData's Adaptive Diversified Liquidity Index, which aggregates trading data across multiple markets to calculate a volume-weighted average price in USD. CADLI emerged as a response to evolving trading patterns influenced by stringent US regulations, paving the way for a transition to stablecoin and forex-based trading pairs. Its adaptive framework and sophisticated data analytics make it a vital tool for traders, analysts, and investors, offering a comprehensive solution for digital asset valuation and market analysis.
The time penalty logic guarantees that the index is grounded in the latest and most pertinent data, enhancing its relevance and accuracy by adjusting the ‘liveliness’ of price data.
This feature ensures the index relies on the most current and relevant data.
CADLI incorporates an advanced outlier detection which ensures a dynamic and responsive outlier detection mechanism tailored to the specific characteristics of each index. The system undergoes hourly revisions based on the number of active constituent instruments.
To deal with high trade frequencies that are typical in digital asset markets, CADLI’s index family is distributed across multiple instances. This dispersed structure ensures uninterrupted and precise index calculations, even during times of intense market activity.
CADLI has been rigorously tested to operate optimally at a throughput of 500,000 trades per second, ensuring high performance and scalability.
Understanding the importance of timely information, CADLI recalculates its composition on an hourly basis. This ensures that the index always includes the most up-to-date and relevant instruments. CADLI captures all relevant information whether it’s the latest trending cryptocurrency or a newly active trading platform.
Get in touch to see how our index solutions will enable you to create innovative products that give your users exposure to multiple digital assets.
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