Share this article
Bitfinex Now Included in the CoinDesk Bitcoin Price Index
CoinDesk has added Hong Kong-based exchange Bitfinex to the Bitcoin Price Index (BPI) as of 16:00 GMT today.
By CoinDesk
Updated Apr 10, 2024, 3:17 a.m. Published Mar 13, 2014, 4:00 p.m.
CoinDesk has added Bitfinex to the Bitcoin Price Index (BPI) today as of 16:00 GMT.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
, which is incorporated in Hong Kong, has been on CoinDesk’s radar for possible inclusion in the BPI for some time now.
Over the past several weeks, and particularly since the decline of Mt. Gox, we have observed that Bitfinex has been able to sustain a dramatic increase in its share of the total volume of US dollar-denominated bitcoins traded.
CoinDesk has also verified that Bitfinex meets the CoinDesk BPI criteria, which include rules ranging from minimum trade size to maximum customer withdrawal delays.
Three horse race
In late 2013, Bitfinex was already the fourth largest exchange. However, it was a distant fourth compared to the big three exchanges that comprised the BPI during this time: Bitstamp, BTC-e, and Mt. Gox – all of which averaged at least 30% of US dollar-denominated bitcoin trading volume (see Table 1).
In contrast, for much of late November and December in 2013, Bitfinex’s overall share of total US dollar-denominated bitcoin trading volume was in the single digits, averaging only 6% of the total.
Rapid rise
Much has changed in the bitcoin exchange world since December, starting with Bitfinex surpassing the now bankrupt Mt. Gox on several days of trading in January.
Bitfinex also recently leapfrogged BTC-e, another BPI component, with more US dollar-denominated bitcoins exchanged in five of the last six trading days, and almost half of the past 29 trading days (see Table 2).
Have you got some feedback on the CoinDesk BPI criteria? Are there other exchanges you think should be included? Please share your thoughts in the comments below or send them to [email protected].
Market Image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
