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FoundedMay 1, 2013
Founder(s)Shakil Khan

A global news resource on Bitcoin and digital currencies.

This London-based resource and news operation aims to be the “Reuters of Bitcoin” according to its founder Shakil Khan. As an angel investor in Spotify and bitcoin startup BitPay, Khan noticed a gap in the news coverage for bitcoin and digital currencies in general when other entrepreneurs constantly questioned him about bitcoin. CoinDesk was launched on May 1st 2013.[1] In September 2013, Jon Matonis, executive director of the Bitcoin Foundation joined CoinDesk as a contributing editor.

CoinDesk Information Centre

On August 21st 2013,[2] CoinDesk launched a bitcoin information centre. This contained guides on everything from the very basics of digital currency to how to set up your own bitcoin mining rig.

CoinDesk Bitcoin Price Index

CoinDesk launched a proprietary Bitcoin Price Index on September 11, 2013.[3] The Bitcoin Price Index (BPI) represents an average of bitcoin prices across leading global exchanges that meet criteria specified by the BPI. It is intended to serve as a standard retail price reference for industry participants and accounting professionals. Criteria for inclusion in the BPI are:

  1. Exchange must serve an international customer base;
  2. Exchange must provide a bid-offer spread for an immediate sale (offer) and an immediate purchase (bid);
  3. Minimum trade size must be less than 1,500 USD or equivalent;
  4. Daily trading volume must meet minimum acceptable levels as determined by CoinDesk;
  5. Banking transfers in or out of the exchange must be completed within seven business days.

Upon launch, BitStamp, BTC-e and CampBX met these criteria and were included in the index. On the 7th Nov 2013 CampBX was removed from the BPI due to sustained diminishing volume and a lack of regular 24-hour trading activity. On the 28th Nov 2013 Mt. Gox was added to the BPI due to a reduction in the risk premium and the option of additional deposit/withdrawal methods. Mt. Gox was removed from the Price Index on Feb 10th,[4] after on-going withdrawal issues with the Mt.Gox exchange.[5] Bitfinex was added to the USD BPI in March, 2014.[6] On the 26th March 2014, a new standalone index for the Chinese Yuan was created.[7] Upon launch, data from BTCChina and OKCoin were included. On the 30th Jun 2014 LakeBTC and Huobi data was added to the USD and CNY BPIs respectively. The main features of the index are as follows:

  • The CoinDesk BPI is a simple average of leading XBT/USD exchange prices;
  • The BPI is expressed as the midpoint of bid/ask spread;
  • The BPI is updated every 60 seconds;
  • If an exchange does not update its price for more than 30 minutes, it is omitted from the live BPI calculation until it is updated again;
  • New index historical data commences on 1 July 2013;
  • Prior index historical data is obtained via Mt. Gox;
  • End-of-day high, low, and closing BPI is based on Greenwich Mean Time (GMT) or British Summer Time (BST) when appropriate;
  • Non-USD BPI prices are implied based on rates obtained via;

The CoinDesk BPI is now used by the Bitcoin Foundation and several charting platforms. A free API is available for developers. Several noteworthy publications have referenced the BPI data or price, such as the BBC,[8][9] WSJ,[10] Reuters,[11] The Guardian,[12] NY Times,[13] CNBC,[14] TIME,[15] Bloomberg,[16] MarketWatch,[17] TechCrunch,[18] Business Insider[19] and Forbes.[20]

Consensus 2015

CoinDesk's first conference is Consensus 2015. The event is planned to take place in New York on September 10th[21].

State of Bitcoin Reports

In February, CoinDesk released it's first 'State of Bitcoin' report.[22] The aim of the report is "to provide an overview of key cryptocurrency trends, challenges, and opportunities, while also highlighting the most important developments over the last year.” CoinDesk released an update of the report for Q2 2014. This highlighted that Venture Capital investment in bitcoin companies was up 28 percent compared to the previous quarter,[23] and that VC investment was pouring into European Bitcoin startups.[24] The Q3 Report showed how the ecosystem was progressing, despite erosion of the bitcoin price. A slide based on key adoption metrics was highlighted by well known VC Fred Wilson.[25]

CoinDesk iPhone App

In April 2014, CoinDesk released an iOS app.[26] The app includes news stories and editorial, as well as its 'Bitcoin Price Index'.

Bitcoin Sentiment Index

In August 2014 CoinDesk released a new bitcoin tracking tool: the Bitcoin Sentiment Index.[27] The tool uses data from Qruisly to gauge how people are feeling about bitcoin’s prospects in the U.S. and the U.K. The sentiment index was discontinued in May 2015.


  1. TechCrunch - Shakil Khan launches CoinDesk a bitcoin resource
  2. The Next Web - Baffled by the world of Bitcoin? This beginner’s guide will tell you everything you need to know
  3. AllThingsD - What’s a Bitcoin Really Worth? CoinDesk Thinks It Has the Answer
  4. Reuters - Bitcoin plunges after marketplace indefinitely halts withdrawals
  5. CoinDesk - CoinDesk Removes Mt. Gox from Bitcoin Price Index
  6. BitBeat: Coindesk Index Finds a Mt. Gox Replacement
  7.] CoinDesk - CoinDesk Launches Chinese Yuan Bitcoin Price Index
  8. BBC - Bitcoin price falls to 11-month low
  9. BBC - Bitcoin: Price v hype
  10. WSJ BitBeat: More Pain For Bitcoin Prices; Are Chinese Miners To Blame?
  11. Reuters - Bitcoin plunges after marketplace indefinitely halts withdrawals
  12. The Guardian - Kyrgyzstan bitcoin experiment promises migrant workers big savings
  13. NY Times - Single Winner of All Bitcoins in U.S. Auction
  14. CNBC - Bitcoin gets bit by a summertime swoon
  15. TIME - Bitcoin’s Price Plummeted Over the Weekend
  16. Bloomberg - Bitcoin Price Plunges as Mt. Gox Exchange Halts Activity
  17. MarketWatch - CoinDesk bitcoin price index falls to session lows
  18. TechCrunch - Bitcoin Slips In The Wake Of The IRS’s Tax Decision
  19. Business Insider - Bitcoin Prices Plunge As US Government Prepares To Auction Off Huge Stake
  20. Forbes - Bitcoin Battle: Warren Buffett vs. Marc Andreessen
  21. CoinDesk - Announcing Consensus 2015
  22. Re/Code - (Almost) Everything You Want to Know About Bitcoin, in One Report
  23.] Gigaom - This week in bitcoin: VC investment is up and shows no signs of stopping after Xapo.
  24. Business Insider - Investors Are Plowing Into European Bitcoin Firms Faster Than Any Other Region In The World
  25.] Fred Wilson - Bitcoin Adoption Metrics
  26. The Next Web - Keep up with Bitcoin news and get price alerts with CoinDesk’s new iOS app
  27. Gigaom - This week in bitcoin: bitcoin’s price stumbles, falls and picks itself back up

External Links