BinanceUS Exchange Trade Data

BinanceUS offers several benefits compared to its direct competitors in the cryptocurrency exchange market. These advantages make it an appealing choice for users looking to trade and invest in digital assets.

1. Wide Variety of Cryptocurrencies: BinanceUS provides access to a vast selection of cryptocurrencies, including popular ones like Bitcoin, Ethereum, and Ripple, as well as many lesser-known digital assets. This extensive offering gives users the opportunity to diversify their portfolios and explore different investment opportunities.

2. Competitive Trading Fees: BinanceUS offers competitive trading fees compared to its direct competitors. By keeping trading fees low, users can minimize costs and potentially increase their overall returns on investment.

3. Robust Security Measures: BinanceUS is committed to ensuring the security of user funds and personal information. The platform employs advanced security technologies such as two-factor authentication, cold storage of funds, and encryption protocols to protect against potential hacking or breaches.

4. User-Friendly Interface: BinanceUS provides a user-friendly interface that is easy to navigate, making it suitable for both experienced traders and those new to cryptocurrency. The platform offers various advanced trading tools and features, such as real-time market data and customizable charts, to assist users in making informed trading decisions.

5. Regulatory Compliance: BinanceUS operates in compliance with relevant regulations and legal requirements in the United States. This commitment to regulatory compliance enhances user confidence and ensures transparency in trading activities.

While BinanceUS has its own set of advantages, users should also consider the offerings and features provided by its direct competitors, such as Coinbase, Kraken, and Gemini, to determine the most suitable platform for their specific needs and preferences.

BinanceUS is a cryptocurrency exchange platform that allows users to buy, sell, and trade various cryptocurrencies. It operates as a subsidiary of Binance, one of the largest cryptocurrency exchanges in the world. BinanceUS is specifically designed to cater to users in the United States, ensuring compliance with local regulations.

The underlying technology behind BinanceUS is blockchain. Blockchain is a decentralized and transparent ledger that records all transactions made on the platform. To achieve this, BinanceUS employs a hybrid blockchain architecture, utilizing both centralized and decentralized elements.

The platform primarily operates on the Binance Chain, a blockchain developed by Binance. This blockchain ensures fast and secure transactions, with a high throughput capacity. Binance Chain utilizes a delegated proof-of-stake (DPoS) consensus mechanism, where a small number of trusted validators are responsible for confirming transactions.

BinanceUS also utilizes the Binance Smart Chain (BSC), an independent blockchain that runs parallel to the Binance Chain. BSC is compatible with the Ethereum Virtual Machine (EVM), enabling the seamless transfer of assets between both ecosystems. This interoperability allows users to access a wider range of decentralized applications and services.

When a user wants to trade on BinanceUS, they first need to create an account and complete the necessary verification process. Once verified, users can deposit funds into their accounts and start buying or selling cryptocurrencies. BinanceUS provides a user-friendly interface that allows users to place orders and monitor their trading activities.

Overall, BinanceUS leverages blockchain technology to provide a secure, efficient, and user-friendly platform for cryptocurrency trading, while ensuring compliance with regulatory requirements in the United States.

DIA implements a comprehensive approach to fetching trade data from various types of exchanges, including both decentralized finance (DeFi) and non-fungible token (NFT) exchanges. The method used by DIA depends on the type of exchange being referred to.

When it comes to centralized exchanges like Coinbase, Kraken, and Binance, DIA employs scrapers that directly collect trades from the exchange databases. This is achieved using Rest APIs or WebSocket APIs, allowing for real-time data retrieval. The frequency of data collection varies, typically ranging from 1 to 7 seconds, depending on the specific exchange.

For decentralized exchanges (DEXs), DIA takes a different approach and retrieves trading data directly from the blockchain. This is done by subscribing to swap events in liquidity pools, ensuring that the data is sourced directly from the blockchain and enhancing its accuracy. Popular decentralized exchange sources that DIA integrates with include Uniswap, curve.finance, and PancakeSwap.

When it comes to NFT marketplaces, DIA captures live trading data by continuously monitoring the smart contracts of integrated marketplaces. This allows for real-time data retrieval on NFT transactions happening within those marketplaces. Noteworthy NFT integrated exchange sources that DIA leverages include Blur, X2Y2, OpenSea, and TofuNFT.

Through these different methods, DIA ensures a comprehensive data management strategy that provides highly accurate and customizable price feeds for both cryptocurrencies and NFTs. By leveraging reliable data sources and employing different approaches depending on the type of exchange, DIA's process of fetching trade data ensures data accuracy and reliability for its users.

When computing trade data from BinanceUS to build price feed oracles, DIA follows a specific process. This process differs depending on whether we are referring to a DeFi exchange or an NFT collection.

For DeFi exchanges, DIA begins by cleaning and detecting outliers in the trade data. This is important to ensure that the data used for price estimation is not influenced by irregularities such as market manipulation or errors. DIA applies an Interquartile Range (IR) filter to exclude data points and sets that fall outside an acceptable range relative to the interquartile range. Only trades within the "middle" quartiles are considered for further processing.

Once the data is cleaned, DIA applies price determination methodologies to calculate the final price. One example is the Volume Weighted Average Price (VWAP) methodology, which takes into account the different volumes of trades. Another example is the Moving Average with Interquartile Range Filter (MAIR), where trades collected within a specific time range are ordered by timestamp and weighted against the volume for each data point.

For NFT collections, the process is different. DIA determines the floor price by processing the on-chain trade data in two steps. Firstly, cleansing filters are applied to exclude outliers and manipulation techniques. Then, a pricing methodology is used to determine the final price point. One methodology is the Floor Price, which provides the lowest sale price of an NFT collection recorded on the blockchain. DIA also offers other advanced methodologies, such as the Moving Average of Floor Price, which returns the moving average of a collection's floor price.

It is important to note that market manipulation techniques, such as wash trading and floor sweeping, can impact the floor price. DIA applies filters and outlier detection mechanisms to produce more realistic and reliable NFT floor prices.

In summary, DIA builds price feed oracles with BinanceUS trade data by cleaning and detecting outliers, and then applying price determination methodologies specific to the type of exchange or NFT collection.