SIX, a global financial information provider, has announced the launch of their latest offerings – the SIX Reference Rate Crypto and SIX Real-Time Crypto Indices. These indices provide a comprehensive overview of the performance of major crypto assets such as Bitcoin (BTC) and Ethereum (ETH), sourced from multiple exchanges to ensure clarity and consistency.
The SIX Reference Rate Crypto Indices report the benchmark prices of BTC and ETH in USD on an hourly basis, while the SIX Real-Time Crypto Indices are published every second. This allows for precise pricing, valuation, and performance tracking, enabling nuanced analysis and strategic decision making within the crypto market.
The launch of these indices is in partnership with AsiaNext, a digital asset trading venue for institutional investors. AsiaNext, founded by SIX and SBI Digital Asset Holdings, operates under strict standards of corporate governance and internal controls to provide a secure platform for institutions to trade digital assets confidently.
This partnership between AsiaNext and SIX bridges the traditional financial industry and the crypto ecosystem. It sets a significant milestone for the crypto industry by providing institutions with the necessary governance, processes, and tools to actively monitor and measure the rapidly evolving and volatile crypto market. This will lead to more robust methodologies, fair and transparent valuation, and standardized products.
Dr. Christian Bahr, Head of Index Services at SIX, states that the launch of these indices demonstrates their commitment to providing tailored solutions for specific use-cases, such as crypto derivatives trading. He believes that these benchmarks will serve as an indispensable tool for AsiaNext and foster an ecosystem between derivative exchanges and institutional investors.
Sudeep Chatterjee, Head of Product at AsiaNext, adds that their partnership with SIX for the industry benchmark for the crypto market showcases their dedication to providing institutional clients with robust crypto derivatives trading. This includes standardized performance evaluation and timely risk management to help them make informed investment decisions and comply with regulatory requirements.
The SIX Reference Rate Crypto and SIX Real-Time Crypto Indices can be accessed for tracking and analysis through AsiaNext’s institutional crypto derivatives platform, as well as through SIX’s data feeds. This collaboration between SIX and AsiaNext will bring more transparency and credibility to the crypto market, benefitting both institutions and investors.