Starting Thursday, May 14, CF Benchmarks will begin publishing market indices for three new cryptocurrencies: Tezos (XTZ), Stellar (XLM) and EOSIO (EOS).
The decision marks the largest expansion of assets we cover, following our release of indices for Bitcoin (XBT), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and Ripple (XRP).
Both Kraken and CF Benchmarks believe reliable and trustworthy indices are essential to mature and transparent markets, and that they are key enablers of market linchpins such as derivative contracts and lending products.
These three cryptocurrencies were selected for indices based on a number of factors, including market demand for the underlying asset and its associated products.
Each asset is also listed on reliable exchanges around the world and has sufficient liquidity, meaning we can be confident in our ability to provide robust and accurate data to the market.
We are excited about the potential of these new indices, and look forward to continuing to expand our available offerings in the future.
View our new indices here.
How are the indices calculated?
For each of our newly supported assets, we will publish a daily Settlement Price (RR) and a Spot Rate (RTI).
RRs are typically used to settle derivative transactions like futures contracts, whereas RTIs are relied on by investors and exchanges to value assets in real time.
|Index||Target Date||Ticker||Constituent Exchange 1||Constituent Exchange 2|
|CF Tezos – Dollar Settlement Price||May 14 2020||XTZUSD_RR||Coinbase||Kraken|
|CF Tezos- Dollar Spot Rate||May 14 2020||XTZUSD_RTI||Coinbase||Kraken|
|CF Stellar Lumens – Dollar Settlement Price||May 14 2020||XLMUSD_RR||Coinbase||Kraken|
|CF Stellar Lumens – Dollar Spot Rate||May 14 2020||XLMUSD_RTI||Coinbase||Kraken|
|CF EOS – Dollar Settlement Price||May 14 2020||EOSUSD_RR||Coinbase||Kraken|
|CF EOS – Dollar Spot Rate||May 14 2020||EOSUSD_RTI||Coinbase||Kraken|
Who currently uses your data?
CF Benchmarks provides pricing data to institutions, trading firms and data vendors.
Our indices are used by CME Group and Kraken Futures for settling futures contracts and by WisdomTree Europe to provide the iNAV for its listed Bitcoin ETP.
Additionally, since 2014, Kraken has provided complete XBT market volume and order book data to the Bloomberg terminal.
Can I see how the indices are calculated?
Yes! We believe in complete transparency and publish the methodologies for all of our indices on our website. You can view all of them here.
What should I do if I have additional questions?
Always feel free to contact CF Benchmarks with any questions. They can be reached at: [email protected].
The Kraken Team