These market dynamics ultimately determine the current price of any given cryptocurrency. Cryptocurrencies such as Bitcoin and Ethereum enjoy high levels of liquidity and trade at similar rates regardless of which specific cryptocurrency exchange you’re looking at. For smaller alternative cryptocurrencies or altcoins, there can be noticeable price discrepancies across different exchanges. Generally, cryptocurrency price data will be more reliable for the most popular cryptocurrencies. Thousands of trading pairs to make sure that our data is as reliable as possible. In an illiquid market, you might have to wait for a while before someone is willing to take the other side of your trade, and the price could even be affected significantly by your order. A liquid market has many participants and a lot of trading volume – in practice, this means that your trades will execute quickly and at a predictable price. At CoinCodex, we weigh the price data by volume so that the most active markets have the biggest influence on the prices we’re displaying. CoinCodex tracks more than 400 crypto exchanges.

Crypto prices are calculated by averaging cryptocurrency exchange rates on different cryptocurrency trading platforms. This way, we can determine an average price that reflects cryptocurrency market conditions as accurately as possible. Cryptocurrency exchanges provide markets where cryptocurrencies are bought and sold 24/7. Depending on the exchange, cryptocurrencies can be traded against other cryptocurrencies (for example BTC/ETH) or against fiat currencies like USD or EUR (for example BTC/USD). On exchanges, traders submit orders that specify either the highest price at which they’re willing to buy the cryptocurrency, or the lowest price at which they’re willing to sell.

Within weeks, more than 3 million people had taken part in the demonstrations, their frustration now encompassing the growing authoritarianism of Erdoğan’s government. Thousands were injured, and at least five died. These Women Came to Antarctica for Science. A Vigilante Hacker Took Down North Korea’s Internet. Özer had just turned 19. In the following years, Erdoğan tossed a record number of journalists in jail and censored the internet, and foreign investors recoiled.

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Global trade volume also skyrocketed from $99 million to $16 billion. But the biggest opportunity wasn’t in trading coins-it was in running a cryptocurrency exchange. Now, Faruk Özer saw a possibility. People in Turkey could shelter their money in what was clearly going to be the next big tech boom. Being early investors in tech wasn’t something that had historically been available to the average person in Turkey. The instant millionaires and billionaires and unicorns pretty much lived elsewhere.

They had taken out loans. He attempted suicide three times. Mahmut had tried to withdraw his money-a mixture of savings and loans-in the days before the collapse, but it never came through. At least two other investors were reported to have died by suicide. One investor named Mahmut-$100,000 lost-had been using Thodex for three years and was in the final stages of buying a house and car for his family. When his 2-year-old was diagnosed with autism, Mahmut took a job as a security guard at a storage facility to help pay for services for his son. Lines of credit to buy more crypto.