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SIX Adds Crypto Reference Rates and Real-Time Indices

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SIX has released SIX Reference Rate Crypto and SIX Real-Time Crypto indices that will serve as benchmarks for AsiaNext’s crypto derivatives trading platform as well as for institutional investors globally. The indices cover major crypto assets Bitcoin (BTC) and Ethereum (ETH), giving a comprehensive snapshot of the market and its performance. AsiaNext, founded by SIX and SBI Digital Asset Holdings, is a digital asset trading venue for institutional investors.

The indices are built using a transparent rules-based methodology and foster clarity and consistency by sourcing data from multiple exchanges. They enable precise pricing, valuation and performance tracking that support nuanced analysis and strategic decision making within the crypto market.

The SIX Reference Rate Crypto Indices provide the BTC and ETH benchmark price in USD on an hourly basis, while the BTC and ETH SIX Real-Time Indices will be published every second. The indices are accessible through AsiaNext’s institutional crypto derivatives platform, as well as through data feeds from SIX.

Christian Bahr, Head of Index Services, Financial Information at SIX, says: “The introduction of these BTC and ETH indices underlines our dedication to delivering well-tailored solutions for very specific use-cases, such as crypto derivatives trading. I am confident these benchmarks will serve as an indispensable tool for AsiaNext and foster the creation of an ecosystem between derivatives exchanges and institutional investors.”

Sudeep Chatterjee, head of product at AsiaNext, adds: “Partnering with SIX on an industry benchmark for the crypto market provides institutional clients with robust crypto derivatives trading, including standardised performance evaluation and timely risk management, and allows them to make more informed investment decisions and meet regulatory requirements.”

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