Index Price is determined by the weighted prices from a selection of mainstream crypto exchanges. An anticipatory mechanism is at work to ensure Index Price swings within an acceptable range when a drastic swing happens on any of the exchanges.
Explanation of Index Price:
a. The Index Price is updated every 5 second(s)
b. If there are no counterpart pairs against the quote coin on the selected exchanges, exchange pairs will be used on the exchange convert into the quote coin for CoinEx;
c. In case any of the selected exchange is down for maintenance or the last execution price and trading volume update of any selected exchange failed for a period of time, CoinEx will temporarily remove the exchange and even out the weights.