Results of the ixCrypto Index Quarterly Review (2022 Q3)

HONG KONG SAR –
Media OutReach – 7 October 2022 – Today, IX Asia Indexes Company Limited (“IX Asia Indexes”) announced the 2022 3rd quarter review of the ixCrypto Index (“IXCI”) with results of the constituent review and exchange review as follows:
Constituent Review
The number of constituent cryptos will be increased from the current 29 to 33 constituents:

Additions

Shiba Inu

Chainlink

ApeCoin

Decentraland

The Sandbox

Axie Infinity

Deletion

Klaytn

Fantom

After the change, the free float adjusted market capitalization coverage is 72.57%*, while the 90-day-average volume coverage is 86.8%*. The constituents changes above and recapping at 40% will be effective on Oct 14, 2022 (Friday).
Since the last review, there has been an increase in the crypto total market capitalisation from USD0.8tn to USD0.94tn(+17.5%), and a rise in the daily volume from USD62bn to USD70bn(+12.9%). Bitcoin remains as the largest crypto in the constituent list, with its price fell by 2.64% since the last review.
Exchange Review
As a result of exchange review, the selected 10 exchanges to generate each of the fair average prices for the constituents are as follows:
Selected Exchanges

Binance

Biconomy

BitMart

Coinbase Exchange

FTX

FMFW.io

HitBTC

OKX

Upbit

XT.com

For more details about our exchange selection criteria, please email
[email protected] More details about the ixCrypto Index, including its constituents, constituents’ weight are provided in the Appendices, or refer to the website
https://ix-index.com/
*exclude stable coins and exchange coins (based on conflict of interest rule methodology effective Oct 2, 2020)

Appendix 1
ixCrypto Index (“IXCI”)

Universe

All crypto coins traded in at least two different exchanges around the world

Selection Criteria

Cryptocurrencies ranking in the top 80% of cumulative full market capitalization (“MC”) coverage and within an acceptable range in accordance with the Volume Buffer Rule in terms of 90-day average trading volume

Number of Constituents

Variable/33 in Q4 2022

Launch Date

12th December 2018

Base Date

3rd December 2018

Base Value

1,000

Reconstitution Rule

If the coverage is below 75% or any of constituents is not within an acceptable range in accordance with the Volume Buffer Rule in terms of 90-day average trading volume, IXCI will be reconstituted to bring MC coverage back and do liquidity screening.

Reconstitution and Rebalancing Frequency

Quarterly and with a fast entry rule

Weighting Methodology

Free float adjusted market capitalization weighted with a cap of 40%, or a 40%/ 30%/ 20% step cap under extreme conditions

Currency

US Dollar

Dissemination

Every 5 seconds for 7×24

Website

https://ix-index.com/

Appendix 2
Weightings of the Constituents of ixCrypto Index

Crypto

90-day-average-volume *

90-day-average-

Market Cap

Cummulative Market Coverage before Cap

Weighting (%) After 40% Cap

1

Bitcoin

$31,892,271,879

$407,207,658,635

40.46%

40.00%

2

Ethereum

$17,261,367,145

$185,644,000,662

58.90%

32.67%

3

XRP

$1,495,545,443

$17,854,117,145

60.68%

4.83%

4

Cardano

$782,712,123

$16,326,263,583

62.30%

2.99%

5

Solana

$1,145,294,294

$12,810,792,277

63.57%

2.40%

6

Dogecoin

$449,720,044

$8,750,276,721

64.44%

1.61%

7

Polkadot

$429,079,391

$7,953,411,263

65.23%

1.45%

8

Polygon

$620,881,580

$6,689,925,871

65.89%

1.33%

9

Shiba Inu

$505,924,279

$6,566,214,365

66.55%

1.22%

10

Avalanche

$500,995,869

$6,135,224,130

67.16%

1.02%

11

TRON

$ 443,995,844

$6,049,302,183

67.76%

1.12%

12

Ethereum Classic

$1,149,282,192

$4,177,969,044

68.17%

0.76%

13

Litecoin

$502,020,985

$4,016,582,512

68.57%

0.77%

14

Chainlink

$459,624,346

$3,469,137,194

68.92%

0.78%

15

Cosmos

$417,897,243

$3,319,798,413

69.25%

0.73%

16

NEAR Protocol

$324,162,773

$3,234,201,088

69.57%

0.56%

17

Stellar

$150,313,772

$2,834,141,818

69.85%

0.59%

18

Monero

$107,518,371

$2,696,807,777

70.12%

0.54%

19

Bitcoin Cash

$438,293,030

$2,347,940,481

70.35%

0.45%

20

Algorand

$111,367,607

$2,265,173,344

70.58%

0.49%

21

FLOW

$98,888,108

$2,044,784,033

70.78%

0.35%

22

VeChain

$90,472,037

$1,849,609,430

70.96%

0.34%

23

Internet Computer

$83,449,072

$1,721,518,724

71.13%

0.32%

24

ApeCoin

$344,169,103

$1,712,092,811

71.30%

0.33%

25

Filecoin

$303,258,288

$1,657,336,204

71.47%

0.34%

26

Decentraland

$189,976,419

$1,599,655,978

71.63%

0.26%

27

The Sandbox

$312,409,507

$1,511,598,334

71.78%

0.32%

28

Tezos

$46,428,518

$1,464,049,709

71.92%

0.26%

29

Hedera

$35,112,863

$1,431,477,637

72.07%

0.27%

30

EOS

$361,627,321

$1,290,683,986

72.19%

0.24%

31

Axie Infinity

$ 142,991,324

$1,250,291,784

72.32%

0.21%

32

Elrond

$49,418,669

$1,249,741,748

72.44%

0.22%

33

Theta Network

$52,663,852

$1,246,241,314

72.57%

0.22%

Data as of 30 September 2022 (HKT)
* 90-day-average-volume ranking in total market is shown in the parentheses
* For the calculation methodology of the index, please refer to the “ixCrypto Index Methodology Paper” on our website
Appendix 3
ixCrypto Indexes Dissemination
Real time indexes are disseminated every 5-second interval for 7×24 since 23 June 2022. The real-time indexes are available for viewing on the IX Crypto Index official webpage. For IXCI, IXBI and IXEI, the indexes are also available through Nasdaq Global Index Data Service (GIDS) with the tickers “IXCI”, “IXBI” and “IXEI”, with dissemination interval kept at 15-second unchanged.
The vendor tickers are shown below:

Index Name

Bloomberg Ticker

Reuters Ticker

ixCrypto Index

IXCI

.IXCI

ixBitcoin Index

IXCBI

.IXBI1

ixEthereum Index

IXCEI

.IXEI1

For further information about ixCrypto Index and other available indexes including IX Crypto spot price index series, please visit company official webpage
https://ix-index.com.
For data licensing and product, please contact us at
[email protected].

For free API use on academic research or trial, please contact
[email protected] Hashtag: #IXAsiaIndexes

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