Transaction Fee Mining Exchanges Excluded From Aggregate Price Indices
BNC Index Governance Committee announces the following changes to the constituents of the BNC Aggregated Spot Indices.
Transaction or “trade mining” is the latest form of rewards that some minor exchanges have been furnishing on their customers – a form of rebate where a customer earns (mines) the native token of the exchange purely by placing trades.
Transaction or “trade mining” is the latest form of rewards that exchanges have been furnishing on their customers – a form of rebate where a customer earns (mines) the native token of the exchange purely by placing trades. Brave New Coin has dropped exchanges involved in this potentially volume manipulative practice from the exchange-weighted pricing of major pairs, including BTC/USDT, ETH/USDT, EOS/USDT, BCH/USDT. The exchanges are all relatively minor players in the industry, FCoin, CoinBene, CoinEx and BigOne.
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