Launch of the IX Crypto Spot Price Index Series

HONG KONG SAR – Media OutReach – 31 March 2022 – IX Asia Indexes Company Limited (‘IX Asia Indexes’) announced the launch of 11 IX Crypto Spot Price Index Series (“the Spot Price Index Series”) on 1 April 2022. The 11 spot price indexes are selected from the constituent list of the ixCrypto Index (“IXCI”) which aims to cover 80% of the total market capitalisation with a 40% cap on single largest constituent.

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 at a 5-second interval from 9 A.M to 9 P.M. on every Hong Kong trading days.

The issuer is solely responsible for the content of this announcement.

Comments are closed.