With the many markets, how is the price one sees on a a site like coinmarketcap.com determined since it is trading at different prices on different markets? Have some follow-ups according to answer. TIA
How is current price of a coin determined?
- Thread starter UGA12
- Start date
Good question. Im guessing they use averages. I see a bunch of low volume exchanges that
show good arbitrage opportunity.
They use global market average on coinmarketcap. To get a better feel click markets to see where you would actually buy/sell it. For example, the ripple price is listed at 1.97 but thats only because Bithumb has it at 2.35 when everyone else at 1.70.
I assumed it was an average. With that said, is it safe to assume that those selling/buying very small amounts at ridiculous prices are attempting to manipulated prices at least in a small way. If not what is the purpose? Also, I assume that coinmarket is not real-time, but how often do these types of "tickers" update? Lastly do you guys market shop when looking to buy. Looks like some big differences at different shops.
