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BitPay has partnerships with many of the world's digital currency exchanges. When calculating our exchange rates for BitPay invoices, we only incorporate digital currency exchange rates which meet our requirements for regulatory, operational and market scope. Usually, we derive the market depth from exchanges with sufficient liquidity and efficient withdrawal capabilities in the USA and the Eurozone to determine the exchange rate for US Dollars (USD). We set exchange rates for non-USD currencies indirectly using the Open Exchange Rates API. BitPay will use those markets specifically in the future, as digital currency markets in non-USD currencies grow.