Messari Releases New Index for the ‘Real 10’ Crypto Exchanges and ‘Liquid Market Cap’
By Jamie Green – Crypto Expert
Messari, the cryptocurrency market research site for crypto professionals, announced the addition of two critical new metrics available on their OnChainFX dashboard. The new indexes include the ‘Real 10 Volume’ tracking ten top exchanges and the ‘Liquid Market Cap’ index, both to aid investors with buying and selling Bitcoin.
The ‘Real 10’ in the name of the Index refers to ten exchanges that Messari believes have reported significant and genuine cryptocurrency trading volumes. All the exchanges are known for selling crypto and leaders in the industry. The exchanges include Binance, Bitfinex, Bitflyer, Bittrex, Coinbase Pro, Gemini, itBit, Kraken and Poloniex and are all facilitating trades to sell cryptocurrency.
The cryptocurrency markets have recently been rife with rumours that some exchanges are manipulating their volumes. Messari have said their price methodology was already accounting for discrepancies between exchanges and other components which led them to develop the ‘Real 10’ Index. The index will provide a true indication of the volumes traded on the major exchanges to help an investor determine when to cash out Bitcoin.
The index currently tracks ten major exchanges but Messari have stated plans to work with others to add their order book data. These exchanges will need to onboard through Messari’s new exchange disclosures register but could help legitimise their trading volumes for selling Bitcoin online.
In tandem with the ‘Real 10’ index, Messari are launching the ‘Liquid Market Cap’ index, accurately depicting volume-weighted prices as well as liquid supply estimates for the outstanding network value of top cryptocurrencies. This index looks at the top 50 assets. Messari believe collaborating with other industry aggregators will help improve the quality and consistency for cryptocurrency market data.
Our platform is simple and easy to use for cashing out crypto to fiat so ensure you check it out! You can also find the headlining news by under our ‘Useful Links’ section followed by ‘Articles’
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards