Crypto Asset Pricing Methodology

Last updated: July 1, 2025

1. Introduction

At Veli UAB (“Veli”, “we”, or “the Company”), we are committed to providing our customers with accurate, transparent, and fair pricing for all crypto-assets traded on our platform.

This Crypto Asset Pricing Methodology explains how we determine, validate, and display asset prices in real time, ensuring alignment with the principles of transparency, market integrity, and investor protection set out under the Markets in Crypto-Assets Regulation (MiCA) and Lithuanian law.

2. Purpose and Scope

This methodology governs how prices for digital assets are sourced, processed, and displayed on Veli’s trading platform and APIs.

It applies to:

  • Fiat-to-crypto pairs (e.g., BTC/EUR);
  • Crypto-to-crypto pairs (e.g., ETH/USDT); and
  • Tokenized asset pairs, where applicable.

 

The methodology is applied uniformly across all markets offered on the platform and is designed to ensure price integrity, data reliability, and transparency for all users.

3. Pricing Framework

3.1 Primary Pricing Sources

Veli’s platform uses market quotes provided through secure API connections with trusted liquidity providers, primarily Bit2Me, which supplies real-time bid and ask prices.

These prices reflect current market activity and ensure that trading on the platform aligns with broader market movements.

All incoming price data undergoes automatic validation checks before being reflected in the platform’s displayed rates.

 

3.2 Supplementary Market Feeds

To further enhance accuracy, we supplement primary data with independent market feeds from reputable data aggregators, including:

  • CoinGecko
  • CoinMarketCap

 

These feeds provide additional reference points to confirm that prices remain aligned with global market conditions.

In case of discrepancies or missing data, our system automatically cross-verifies values using alternate sources before updating displayed prices.

 

3.3 Price Calculation and Display

Prices are displayed in real time on the Veli trading interface.

Each published price includes a time-stamp and, where applicable, volume reference data.

Price information is also made available via public APIs and downloadable reports (hourly or daily).

This structure ensures that all customers have access to consistent and transparent market data.

4. Market Disruption and Exceptional Events

We have contingency procedures in place to manage market irregularities, technical outages, or sudden volatility.

4.1 Temporary Suspension or Price Freezing

In the event of system failures, data feed interruptions, or extreme price swings:

  • Prices may be temporarily frozen to prevent inaccurate data display or unfair trades;
  • New reference prices may be derived from external venues or independent benchmarks; and
  • Customers are notified of any significant pricing disruptions via on-platform banners, email alerts, or status updates.

 

These measures are designed to protect users from market manipulation, incorrect pricing, or abnormal liquidity events.

5. Integrity and Conflict of Interest Controls

Veli takes proactive measures to prevent conflicts of interest or unfair trading practices related to price determination.

We ensure that:

  • Price manipulation is strictly prohibited;
  • Employees involved in pricing operations cannot engage in trading during sensitive or volatile market events;
  • Any proprietary trading activity or liquidity provision conducted by Veli or its affiliates is fully disclosed and segregated from customer-facing operations;
  • Access to pricing algorithms, APIs, and data feeds is strictly controlled and logged to maintain accountability.

 

These safeguards uphold market integrity and client confidence in our pricing accuracy.

6. Transparency and Customer Information

Veli is committed to transparency in how we determine and publish crypto-asset prices.

Customers can expect that:

  • All prices shown on the platform represent fair market rates;
  • Pricing sources and methodologies are consistent, traceable, and auditable;
  • Any significant updates or methodological changes will be publicly communicated on our website or within the trading platform; and
  • Data accuracy and consistency are monitored continuously to maintain reliability.

 

Our aim is to ensure that users always understand how prices are derived and can invest with confidence.

7. Contact Information

For questions about how crypto-asset prices are determined or concerns regarding price accuracy, please contact:

compliance@veli.io