How do the Object and Description table and JSON Output of cryptocurrency rates API of CoinAPI work?

Today, I will clarify the object table and JSON output specifically of the CoinAPI cryptocurrency rates API. The object table and JSON output are the two formats in which data can be accessed and retrieved from the CoinAPI API. Understanding the structure and layout of these formats is crucial for efficiently utilizing the data provided by the API in your programming projects.

API Object Table

ObjectsDescription
timeTime in ISO 8601 of the market data used to calculate exchange rate
asset_id_baseExchange rate base asset identifier
asset_id_quoteExchange rate quote asset identifier
rateExchange rate between assets
  1. time: The time in ISO 8601 format at which the market data used to calculate the exchange rate was recorded.

  2. asset_id_base: The identifier of the asset that serves as the base in the exchange rate calculation.

  3. asset_id_quote: The identifier of the asset that serves as the quote in the exchange rate calculation.

  4. rate: The exchange rate between the base and quote assets, calculated using the market data at the recorded time.

The information in the table is useful because it provides a clear and structured overview of the various objects available in the CoinAPI cryptocurrency rates API, as well as their respective descriptions. This information can be used to better understand the data provided by the API and to more effectively utilize it in programming projects. It also helps to ensure that users of the API are able to accurately interpret the data they are working with. Additionally, the descriptions of the objects in the table can serve as a reference for users of the API who may need to refresh their understanding of the meanings of the different objects.

JSON explained

This JSON output provides a list of exchange rates for the base asset with the identifier "BTC", expressed in various quote assets. The list of rates includes the time at which the exchange rate was recorded, the identifier of the quote asset, and the actual exchange rate between the base asset and the quote asset. There are a total of four exchange rates listed in the output, with each rate being represented as an object containing the time, asset_id_quote, and rate properties. The time property is a string in ISO 8601 format, representing the time at which the exchange rate was recorded. The asset_id_quote property is a string containing the identifier of the quote asset. The rate property is a float representing the exchange rate between the base asset (BTC) and the quote asset.

{
"asset_id_base": "BTC",
"rates" : [
{
"time": "2017-08-09T14:31:37.0520000Z",
"asset_id_quote": "USD",
"rate": 3258.8875417798037784035133948
},
{
"time": "2017-08-09T14:31:36.7570000Z",
"asset_id_quote": "EUR",
"rate": 2782.5255080599273092901331567
},
{
"time": "2017-08-09T14:31:36.7570000Z",
"asset_id_quote": "CNY",
"rate": 21756.295595926054627342411501
},
{
"time": "2017-08-09T14:31:36.7570000Z",
"asset_id_quote": "GBP",
"rate": 2509.6024203799580199765804823
}
]
}

In conclusion

We have discussed the object table and JSON output specifically of the CoinAPI cryptocurrency rates API. We have clarified the structure and layout of these formats, as well as the meanings of the various objects and properties they contain. We have also discussed the usefulness of this information for understanding and utilizing the data provided by the API in programming projects. Overall, this information is crucial for effectively working with the CoinAPI cryptocurrency rates API.

Endnote

The CoinAPI cryptocurrency rates API is a valuable resource for accessing real-time and historical cryptocurrency exchange rate data. If you are interested in using this API for your programming projects, you can request access to it through the data marketplace of Worldindata. Worldindata is a platform that allows you to browse, purchase, and access a wide range of data sources, including the CoinAPI cryptocurrency rates API. To request access to the CoinAPI API through Worldindata, you will need to create an account on the platform and follow the steps provided for requesting access to specific data sources. Once your request has been approved, you will be able to access the CoinAPI cryptocurrency rates API and utilize its data in your programming projects.