Blockbasis

Why is there a difference between Blockbasis and Coinmarketcap prices?


The main difference between Coinmarketcap and Blockbasis is that while Coinmarketcap aggregates prices from any exchange trading a currency, Blockbasis – given the setup with Bitshares – is taking prices only from Bitshares gateways.

An example is Bitcoin on Coinmarketcap, where the price is a weighted average based on prices from 400+ exchanges. At the same time, Blockbasis only takes the Bitcoin price from Bitshares gateways trading Bitcoin that can be seen on here Bitshares Exchange.