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LakeBTC is part of CoinDesk BPI
06/30/2014 by LakeBTC.com
LakeBTC.com is excited to announce our partnership with CoinDesk. Effective immediately, LakeBTC becomes one of the four major bitcoin exchanges that decide CoinDesk Bitcoin Price Index (BPI). CoinDesk BPI represents an average of bitcoin prices across leading global exchanges that meet certain criteria, and is intended to serve as a standard retail price reference for industry participants and accounting professionals.
Since bitcoin market is distributed and fragmented by nature, a trustworthy and reliable price index becomes an extremely important foundation to all financial products on top of it. Bitcoin derivatives and structured products need an underlier that is stable and difficult to manipulate. As one of the most influential media in cryptocurrencies, CoinDesk selected four prominent bitcoin exchanges with most activities and user coverage to build the well recognized BPI, a true benchmark of the global market. We are certain that an increasing number of market players and financial products will employ BPI as the reference price, and our partnership will benefit bitcoin users worldwide.
About CoinDesk: CoinDesk is the world leader in news, prices and information on bitcoin and other digital currencies. It covers news and analysis on the trends, price movements, technologies, companies and people in the bitcoin and digital currency world.
About LakeBTC: LakeBTC.com is a leading bitcoin platform with rigorous risk management and internal control schemes. Security, liquidity, and service are three attributes that make LakeBTC stand out of the crowd. More and more individual investors, miners, merchants, trading firms and institutions trade bitcoins, manage portfolios and hedge risks on LakeBTC everyday.