SINGAPORE, Aug. 2, 2022 (GLOBE NEWSWIRE) —
BitYard + Nomics
BitYard is excited to announce the IPO on Nomics.
BitYard is pleased to announce the IPO of crypto asset data company Nomics, which provides real-time crypto market cap rankings, latest market prices, trading volume, charts and transparent trading volume calculations for top cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).
Although everyone is used to looking at the current trading volume on the market through the two well-known data providers CoinMarketcap and Coingecko, Nomics provides two interesting metrics that CoinMarketcap and Coingecko do not have: transparent volume and a seven-day price forecast.
Nomics released transparent volume indicators by tracking the data provided by the exchange and defines “transparent exchanges” as exchanges that provide high granularity (trade level) data with full history. Nomics strictly divides the exchange into 7 grades such as A+, A, A-, B, C, D, F, etc., hoping to assure users of the transparency of the exchange’s transaction data.
In addition, this crypto aggregator also generates seven-day forecast prices by tracking the market volume of cryptocurrency assets across multiple exchanges. It will be of great interest to users in the rapidly changing crypto market and also means that the data from the exchange is very important to Nomics.
Exchanges provide trading data, allowing Nomics to generate better predicted prices, and Nomics also provides transparent trading volume indicators. Users who use the Nomics service at the same time can get a better interpretation and assessment of the data in the market.
In order to achieve better ratings and make users feel more reliable, exchanges will provide more complete transaction data to the markets, and at the same time, Nomics will get more accurate data to generate seven-day price forecasting services to attract more users to use their platform. . This therefore creates a cycle that benefits exchanges, nomics and users.
Currently, BitYard ranks 111 out of 785 exchanges in terms of transparency and trading volume and continues to move up.
About Nomics
We are an API-first crypto asset data company providing professional market data APIs to institutional crypto investors and exchanges. We offer products and services that allow funds, fintech apps and exchanges to access clean, normalized and gap-free primary source data for trading and order books.
About BitYard
BitYard is a one-stop cryptocurrency trading platform with the most professional services. BitYard provides users with a trading solution through Spot, Contracts for Differences (CFDs), Inverse Perpetual Contracts, USDT Perpetual Contracts, Grid trading and Copy-trading services.
BitYard:www.bityard.com
Media contact: Jeanne Hsieh
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