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Kyber is an Ethereum-based decentralized exchange that focuses on aggregating liquidity and facilitating instant swaps for ether and ERC-20 tokens. After an initial coin offering (ICO) in 2017, the project was launched in early 2018. Kyber uses a diverse set of liquidity pools called “reserves.” While market markers, token projects, liquidity pools and token holders provide aggregated liquidity to the reserves, so-called takers such as decentralized applications, exchanges and wallets can access and trade the assets contained in the reserves. CoinDesk also provides a suite of institutional-grade price indexes. Find out more about them here.
CoinDesk’s Bitcoin and Cryptocurrency Calculator determines the exchange rates between major fiat currencies and cryptocurrencies – including BTC, BCH, ETH and XRP to USD, EUR, GBP, IDR and NGN – with up to six decimal places of accuracy. Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates.
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