How is the USD price on Binance calculated since there is no USD involved in the whole exchange?

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I'm talking about this: https://i.imgur.com/wKP17oe.png How is it calculated?

user83626

Posted 2018-05-26T10:37:35.813

Reputation: 1

Maybe it uses composite score of other exchanges specially if it never trades a crypto to dollar or vice versa? – marshal craft – 2018-05-26T11:06:15.200

Answers

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There are USDT markets in binance. If you are unaware, USDT is backed by USD and binance can use their own market's USDT value.

Shabahat M. Ayubi

Posted 2018-05-26T10:37:35.813

Reputation: 1 409

Asked: 2018-05-26T10:37:35.813

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Active: 2018-05-30T10:22:21.763