Global financial information provider SIX today announced the launch of the new SIX Reference Rate Crypto and SIX Real-Time Crypto Indices.
The new SIX Reference Rate Crypto Indices and SIX Real-Time Crypto Indices cover the major crypto assets Bitcoin (BTC) and Ethereum (ETH), giving a comprehensive view of the market and its performance. Indicators enhance clarity and consistency by drawing data from multiple exchanges. Indices enable accurate pricing, valuation and performance tracking, which support nuanced analysis and strategic decision-making in the crypto market.
SIX Reference Rate Crypto Indices provides the BTC and ETH reference rate in USD on an hourly basis, while real-time SIX BTC and ETH indices will be published every second.
Founded by SIX and SBI Digital Asset Holdings, AsiaNext is a digital asset trading venue for institutional investors that focuses on regulation and operates under strict corporate governance and internal control standards in all its operations. AsiaNext’s fundamental objective is to provide institutions with a secure platform to execute their market strategies and seamlessly trade digital assets with confidence.
The partnership between AsiaNext and SIX bridges the traditional financial industry and the crypto ecosystem. By providing financial institutions with the governance, processes and tools they need to proactively measure and monitor the rapidly evolving and volatile cryptocurrency market, this partnership sets another key milestone for the cryptocurrency industry in moving towards more robust methodologies, fair and transparent valuation as well as standardization of products.
Dr. Christian Bahr, Head Index Services, Financial Information, SIX states:
“The introduction of these BTC and ETH indices underscores our dedication to providing sophisticated and well-tailored solutions for very specific use cases such as cryptocurrency derivatives trading. I am confident that these benchmarks will serve as an indispensable tool for AsiaNext and promote the creation of an ecosystem between derivatives exchanges and institutional investors.”
Sudeep Chatterjee, Head of Product at AsiaNext adds:
“We are pleased to partner with SIX on an industry benchmark for the crypto market that underscores our commitment to providing institutional clients with robust crypto derivatives trading, including standardized performance assessment and timely risk management to help them receive more informed investment decisions and meet regulatory requirements. “
SIX Reference Rate Crypto and SIX Real-Time Crypto Indices are accessible for monitoring and analysis through AsiaNext’s institutional crypto derivatives platform, as well as through data feeds from SIX.