The Spot Price Index series provides a single price for the market at every 5 second interval real-time, USD-equivalent spot rate for the most representable coins in the world. With over 300 crypto spot exchanges in the world and more product issuance on cryptocurrencies, the launch of the spot index series would provide fund managers and investors the fairest price in order to gauge the performance of some most important coins in the world. This is particular important for product issuers for mark to market purpose with a need to reflect a true and fair valuation of their crypto portfolio to their investors. Each of the 5-second interval disseminated indexes is an average price of the coin in at least 8 exchanges. The exchanges are reviewed every quarter accordingly to their trading volume, pairs, key region of business etc. For details of the selection of exchange and how to calculate the spot price indexes, please refer to “Methodology Explained : Why We need a Spot Price Index Series?”.
The 11 IX Spot Price Indexes are as follows:
|Spot Price Index Name||Short Name|
|IX Bitcoin Spot Price Index||IX Bitcoin SP|
|IX Bitcoin Cash Spot Price Index||IX Bitcoin Cash SP|
|IX Cardano Spot Price Index||IX Cardano SP|
|IX Dogecoin Spot Price Index||IX Dogecoin SP|
|IX Ethereum Spot Price Index||IX Ethereum SP|
|IX Litecoin Spot Price Index||IX Litecoin SP|
|IX Polkadot Spot Price Index||IX Polkadot SP|
|IX Polygon Spot Price Index||IX Polygon SP|
|IX Solana Spot Price Index||IX Solana SP|
|IX Terra Spot Price Index||IX Terra SP|
|IX Ripple Spot Price Index||IX Ripple SP|
Indices will be disseminated via the https://ix-index.com/ at a 5-second interval from 9 A.M to 9 P.M. on every Hong Kong trading days.