London, UK, April 24, 2016 — BitcoinAverage, the world’s most trusted Bitcoin price index, will be releasing new system features, revamping its pricing index to accommodate the needs of users at every level, from casual to enterprise-grade.
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“We are launching a closed beta of our API,” said BitcoinAverage’s Founder, Shaun Gilchrist. “Access will initially be provided to existing users, and then opened up to the wider community. It is our aim to continue providing the most comprehensive price data for the industry, and we hope that with the help of the community and their feedback, we will be best placed to do that.”
The London-based company established itself as the leading source for Bitcoin pricing in 2013 and have since been developing open-source application programming interface (API) tools to provide real-time Bitcoin data to mobile apps, web services and businesses worldwide.
In its latest offering, BitcoinAverage is preparing for the launch of a new full-featured API that will be bundled with an updated front-end interface following beta testing and subsequent finalization of the programming interface.
In addition, the company will also be providing a tiered subscription program along with customizable packages tailored for users in need of something more robust.
The tiered structure will still offer a free plan for users, which has been a staple of BitcoinAverage’s service offerings. The gratis-level entry package will cater to existing users of BitcoinAverage’s API and will ensure no one is forced out following the system upgrade.
One of the biggest changes will be the availability of packages to scale up for enterprising needs and otherwise; service offerings which have been asked of the Bitcoin price index since launching a few years ago.
Following the beta launch, users will be able to generate API keys for authenticated endpoints, allowing users finer control over the API and in turn provides a far better service to clients.
Further, customizable endpoints and custom indices — an industry first — will be made available to higher-tier users.
As Gilchrist explained, these are important features, introduced because of the debate that surrounds what exchanges should or should not be included in an index.
“Going back to Mt. Gox and the downtime or withdrawals issues, currently, chinese exchanges and the issue of inflated volume due to 0% fees, or sites like Localbitcoins.com and the high premiums that skew averages across the board,” said Gilchrist, “the playing field is far from uniform.”
“So we provide clients with the ability to exclude one or multiple exchanges they may feel don’t belong in an index.”
BitcoinAverage’s new system will also allow the freedom to compile an index or indices from scratch.
“Our roadmap includes a far superior algorithm (soon to be complete) than our current volume weighted average price,” Gilchrist said. “We can’t wait to unveil it in its final form soon.”
For more information visit bitcoinaverage.com.
Since 2013, BitcoinAverage has been the leading source for Bitcoin pricing data, currently comprising and analyzing 50+ exchanges worldwide to ensure the most accurate Bitcoin price is delivered to its users. BitcoinAverage initially launched as an open source project and is now the most widely used bitcoin price ticker in the world. Its Global Bitcoin Price Index (GBX) was the first of its kind in the industry and is still recognised as the most widely used price source for applications, services and businesses worldwide.
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Director, Vanbex Group
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