Crypto.com Exchange Trade Data

Crypto.com offers several benefits compared to its direct competitors when it comes to cryptocurrency services.

One of the main advantages of using Crypto.com is its all-in-one platform that offers a wide range of services. Users can conveniently buy, sell, and trade cryptocurrencies directly on the platform. Additionally, Crypto.com provides a Visa card that allows users to spend their crypto assets at millions of locations worldwide. This card also offers cashback rewards in the form of cryptocurrency, making it an attractive option for frequent crypto users.

Another notable benefit of Crypto.com is its staking and lending features. Users can earn passive income by staking their crypto assets, which involves locking them up in a wallet to support the network's operations. Crypto.com also offers lending services where users can borrow against their crypto holdings, providing them with flexibility and liquidity.

In terms of security, Crypto.com takes measures to safeguard user funds. The platform utilizes robust security protocols and offers multi-factor authentication to protect user accounts. They also store the majority of user funds in offline cold storage, reducing the risk of hacking and unauthorized access.

Compared to its direct competitors, such as Binance and Coinbase, Crypto.com stands out with its comprehensive suite of services and its user-friendly interface. Additionally, the Cashback Rewards and staking features offered by Crypto.com provide unique incentives for users.

It's always important for users to research and compare different platforms based on their individual needs and preferences.

Crypto.com is a cryptocurrency platform that enables users to buy, sell, and trade various digital assets. The underlying technology behind Crypto.com is blockchain, a decentralized and distributed ledger system that ensures transparency, security, and immutability of transactions.

Crypto.com operates on its proprietary blockchain called Crypto.org Chain. This blockchain is built on Tendermint Core, a Byzantine Fault-Tolerant (BFT) consensus engine. The blockchain utilizes a Proof-of-Stake (PoS) consensus mechanism, where token holders can participate in block validation by staking their tokens as collateral. This ensures a more energy-efficient and scalable network.

Crypto.com offers a range of services and features. Users can create an account and securely store their cryptocurrencies in a digital wallet provided by the platform. They can also trade cryptocurrencies with other users through Crypto.com's exchange. Additionally, Crypto.com provides a Visa card, allowing users to spend their cryptocurrencies for everyday purchases at any merchant that accepts Visa.

Furthermore, Crypto.com offers staking and lending services, where users can earn rewards by staking their tokens or lend them to earn interest. The platform also provides access to decentralized finance (DeFi) applications, enabling users to participate in activities such as yield farming and liquidity provision.

With its user-friendly interface and comprehensive suite of services, Crypto.com aims to make cryptocurrency accessible and convenient for users. The integration of blockchain technology ensures the security and transparency of transactions, while the Crypto.org Chain allows for fast and efficient processing of transactions.

DIA takes a comprehensive approach to fetching trade data from different types of exchanges, including DeFi and NFT exchanges. The process may vary depending on the type of exchange in question.

For centralized exchanges like Coinbase, Kraken, and Binance, DIA uses scrapers to directly collect trade data from the exchange databases. This is achieved by utilizing Rest APIs or WebSocket APIs provided by the exchanges. The frequency of data collection varies, typically ranging from 1 to 7 seconds, depending on the exchange. By fetching the data directly from the exchange, DIA ensures high precision and accuracy.

In the case of decentralized exchanges, DIA retrieves trading data from various blockchains by subscribing to swap events in liquidity pools. Examples of decentralized exchanges include Uniswap, curve.finance, and PancakeSwap. This approach allows DIA to access trading data directly from the blockchain itself, enhancing the accuracy and reliability of the data.

For NFT marketplaces, DIA captures live trading data by integrating with the marketplaces' smart contracts. The retrieval period for NFT data typically ranges from 20 seconds to 1 minute, covering all NFT transactions happening in real-time. This approach ensures data precision from the broader NFT market and eliminates reliance on unreliable bid and offer data.

By adopting a comprehensive data management strategy, DIA is able to provide highly accurate and customizable price feeds for various types of exchanges, including both DeFi and NFT exchanges.

DIA has a process for computing trade data from Crypto.com to build price feed oracles, depending on the type of exchange we are referring to (DeFi or NFT).

For DeFi exchanges, the process starts with data cleaning and outlier detection. This is done to ensure that the price estimation process is resilient against trades with prices diverting from the current market price. To achieve this, DIA applies an Interquartile Range (IR) filter to exclude data points and entire sets that lie outside an acceptable range relative to the interquartile range. This helps to avoid building a feed using data that is completely away from the median.

Once the data is cleaned, DIA applies price determination methodologies to calculate the final price from the remaining data points. For example, they use the Volume Weighted Average Price (VWAP) methodology, which takes into account the different volumes of trades. All trades from the queried time range are collected and weighted by their volume to arrive at a single USD price value for every asset.

On the other hand, for NFT exchanges, the process is different. DIA determines the floor price of an NFT collection by processing the on-chain trade data in two steps. First, the data is fed through cleansing filters to exclude market outliers and manipulation techniques. Then, a pricing methodology is applied to determine the final price point.

DIA offers multiple pricing methodologies for NFT collections. One such methodology is the Floor Price, which provides the lowest sale price of an NFT collection recorded on the blockchain during a given time window. They also offer the Moving Average of Floor Price, which returns the moving average of a collection's floor price. This methodology can be adjusted with customizable parameters to best suit specific use cases.

By implementing these filtering mechanisms and pricing methodologies, DIA aims to produce market-representative prices and provide reliable data for decentralized applications (dApps).