Data sources
Version: 2026-10-23 draft
Updated 23 October 2026.
Effective: [Effective date: set when published]
This notice says where Terminal's numbers come from, what you may do with them, and what we do not promise about them. It is part of the Terms of Service. The Methodology pages explain how each number is computed.
Summary. Every price and figure on Terminal comes from a named data source, through code. A model never makes up a number. Each number shows its source and its time. You may use what Terminal computes for your own purposes. You may not pass on the raw market data. Numbers can be late or wrong, and none of them is investment advice.
Where the numbers come from
- CoinDesk Data. CoinDesk has agreed that Terminal may use CoinDesk data to build and sell derived data: alerts, notes, receipts, records, indexes, and counts. Where a number came from CoinDesk, Terminal shows "Market data: CoinDesk Data". [Counsel: replace this line with the attribution the signed agreement requires.]
- Coinbase and Kraken public market data. Terminal's own price feed reads public trades from Coinbase. If Coinbase has no price, it uses Kraken. These are public, unauthenticated feeds.
- Funding rates and open interest, where shown, come from Kraken Futures and Hyperliquid public data.
- Gold, oil, and some reference prices, where shown, come from Pyth.
- World events, where shown, come from public sources such as the Federal Reserve, US statistics agencies, and other public feeds. Each event names its source and links to it.
Each number in the app opens to its source and time. If a source has no value, Terminal shows the number as unavailable. We do not put a zero or a guess in its place.
Model-written words
Some sentences, such as a "why" note or a chat reply, are written by a language model. The model gets the facts Terminal stored and writes sentences about them. The numbers in those sentences come from those facts, not from the model. The model can still be wrong or leave something out. The AI and data notice explains this.
What you may do with Terminal's data
Terminal sells what it computes from market data. It does not sell the raw market data itself. That limit comes from our data licences, and it applies to you too.
You may:
- Use alerts, notes, receipts, records, and counts for your own purposes, in the app and in software you run for your own account
- Share a single alert with the share button, or quote a single figure with its source and time
You may not:
- Resell, sublicense, or redistribute raw market data you get through Terminal, such as prices, candles, order books, trades, or news, as a feed, a file, an API, or a dataset
- Rebuild a price history or a data feed from Terminal's pages, charts, or API responses
- Remove the source, the time, or the "Market data: CoinDesk Data" line from a number you show to other people
- Resell Terminal's alerts or records as a data feed, unless the marketplace terms or a written agreement with us allow it
The Acceptable Use Policy has the full list. The API terms, once published, add the rules for software that uses our API.
No promise of accuracy
Market data can be late, missing, or wrong. A source can change a value after we read it, stop sending data, or send a bad print. Our own code can have mistakes. We do not promise that a number, an alert, or a note is accurate, complete, or on time. We do not promise that an alert fires at the exact moment a price crossed a level.
Do not rely on Terminal alone for a decision where a late or wrong number would hurt you.
Not investment advice
Terminal describes what a price or a figure did. It does not tell you to buy, sell, or hold anything, and it does not know your goals or your finances. Read the not investment advice notice.
Changes
We add a source here before Terminal shows numbers from it, and we change the date at the top.