TradeBlock is pleased to announce the launch of three new digital currency indices: EOSX, XLMX, and XMRX. These indices will provide institutional quality reference rates for the USD denominated prices of EOS (EOS), Stellar Lumens (XLM), and Monero (XMR) respectively. To view all of TradeBlock’s indices, visit our index page here.
Reliable Reference Rates for Digital Currencies
TradeBlock’s indices are designed to enhance price discovery by providing reference rates for underlying digital currencies using its industry-leading methodology. The EOSX, XLMX, and XMRX USD-denominated spot rates are based on trading activity observed on leading digital currency exchanges. To maximize replicability of their value in the live spot markets, rates are dynamically adjusted in real time based on liquidity, price discrepancies, and market anomalies.
TradeBlock’s index methodology is guided by the framework defined by IOSCO’s Principles for Financial Benchmarks for the calculation and governance of its indices. The EOSX Index includes markets that are liquid in both EOS/USD & EOS/XBT crosses, which incorporate TradeBlock’s XBX index rate to offer a consolidated EOS/USD reference rate. Similarly, the XLMX Index includes markets that are liquid in XLM/USD & XLM/XBT crosses while the XMRX Index includes those that are liquid in XMR/USD & XMR/XBT crosses.
Performance of TradeBlock’s Index Methodology
In the charts below, we diagram the performance of TradeBlock’s index methodology during periods of heightened volatility and increased exchange rate discrepancies.
The chart below shows performance of the TradeBlock EOSX Index, against its exchange constituents, over a 24-hour window – November 24, 2018 10:00 AM ET thru November 25, 2018 10:00 AM ET:
The chart below shows performance of the TradeBlock XLMX Index, against its exchange constituents, over a 24-hour window – December 06, 2018 03:00 PM ET thru December 07, 2018 03:00 PM ET:
The chart below shows performance of the TradeBlock XMRX Index, against its exchange constituents, over a 24-hour window – November 25, 2018 10:00 AM ET thru November 26, 2018 10:00 AM ET:
Viewing TradeBlock’s Digital Currency Indices
Visitors and subscribers to the TradeBlock platform can access all of Tradeblock’s indices by viewing the index page here. On the right hand side, viewers have the option to display different reference rates by selecting the desired index from the drop-down menu:
For inquiries about our indices, please email index@tradeblock.com.
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