HitBTC is the world’s most advanced cryptocurrency exchange. Created by outstanding technical minds, high-level finance professionals and experienced traders, HitBTC is delivering the most reliable, fast and powerful platform solution on the market. The platform has earned its reputation for fault-tolerance, flawless uptime and high availability. Its core matching engine is among the best technological products in its class, offering traders a wide range of features such as real-time clearing and cutting-edge order matching algorithms. HitBTC hat ein gemeldetes 24-Stunden-Volumen von $163 923 677 mit ... einem geschätzten realen Volumen von $163 682 218. Es handelt sich um einen a centralized exchange , der 492 -Währungen anbietet und einen auf unseren Algorithmen basierenden 74.89% -Konfidenzwert aufweist.
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).
Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
How to use it?
By default Market depth is showing the most liquid markets sorted by Combined Orders (which is a sum of buy and sell orders). This way it provides the most interesting information already. Left (green) side of the market depth bar is showing how many buy orders are open, and right (red) side of the bar is showing how many sell orders are open (both can be recalculated to BTC, ETH or any fiat we have available on the site).
Confidence
Due to rampant malicious practices in the crypto exchanges environment, we have introduced in 2019 and 2020 new ways of evaluating exchanges and one of them is - Confidence. Because it's a new metric - it's essential to know how it works.
Confidence is weighted based on 3 principles:
Based on the liquidity from order books (75%) - including overall liquidity and market depth/volume ratio, volumes included, if exchange is low volume (below 2M USD volume 24h)
Based on web traffic (20%) - using Alexa rank as a main indicator of site popularity
Based on regulation (5%) - researching and evaluating licensing for exchange - by respective institutions
Adding all of these subscores give overall main result - Confidence
Confidence is mainly based on liquidity, because it's the most important aspect of cryptocurrency exchanges. Without liquidity there is no trading, illiquid markets tend to collapse in the long term. Besides liquidity - there is also an additional factor in calculation of score - market depth/volume ratio. If volume is huge (especially when it’s growing much faster than liquidity), and market depth seems to not keep pace with - it's reducing overall score. Exchanges that keep market makers liquidity with expanding volume are those that keep all ratios in-tact and have overall score above 75-80% (it means that they have all liquidity ratios above minimum requirements, high web traffic participation, and are often regulated).
Keine Elemente stimmten mit diesen Suchkriterien überein
*** Ausgeschlossenes Volumen - keine neuen Daten von der Exchange-API
Der Confidence Score ist unsere neue Formel, mit der die Exchange in drei Hauptfragen bewertet wird:
Vertrauen
Liquidität
Web-Verkehr
Regulationen
Jedes von diesen hat geeignete Gewichte, die in der richtigen Punktzahl berechnet werden.
Wichtig
Gut
Die Liquidität (CO / Vol. Basiert) auf diesem Markt ist gut und das Volumen scheint genau dargestellt zu werden.
Durchschnitt
Die Liquidität (CO / Vol. Basiert) auf diesem Markt ist durchschnittlich, das gemeldete Exchangevolumen kann also höher sein als der Realität entsprechend.
Schlecht
Die Liquidität (CO / Vol-basiert) auf diesem Markt ist schlecht, es besteht eine hohe Wahrscheinlichkeit, dass das Volumen aufgeblasen wird (z. B. Waschhandel), oder der Markt ist nicht liquide genug (Austausch mit geringem Volumen).
Keine Daten
Zu diesem Markt liegen keine Daten vor.
