Singapore Aims to Become Asia’s Benchmark for Bitcoin Pricing

Bloomberg
September 3, 2020

Singapore Exchange Ltd. is creating two new cryptocurrency indexes with the goal of setting the pricing standard for Bitcoin and Ethereum in Asia. SGX’s iEdge Bitcoin Index and iEdge Ethereum Index will use inputs from exchanges determined by CryptoCompare, according to the methodology.

The aim is for the gauges to become reference points for trading in those cryptocurrencies during Asian hours, according to SGX’s Head of Index Services Simon Karaban.SGX rolling out crypto indexes with British data provider

Press Releases

Published On
September 1, 2020
CryptoCompare Exchange Benchmark

Singapore Exchange (SGX) is collaborating with UK-based cryptocurrency market data provider CryptoCompare, to launch crypto indices under the SGX iEdge index suite, namely the iEdge Bitcoin Index and iEdge Ethereum Index, as the first batch of such indices.

Published On
August 6, 2020
CryptoCompare Exchange Benchmark

MV Index Solutions GmbH (MVIS®) in partnership with CryptoCompare, today announced the launch of the MVIS CryptoCompare Institutional Ethereum Index (ticker: MVIETH) and the MVIS CryptoCompare Bitcoin VWAP Close Index (ticker: MVBTCV).

Published On
July 16, 2020
CryptoCompare Exchange Benchmark

MV Index Solutions (MVIS®) and CryptoCompare announced the licensing of the MVIS CryptoCompare Bitcoin Index (MVBTC) to Arrano Capital for its recently launched Bitcoin fund.

Published On
July 13, 2020
CryptoCompare Exchange Benchmark

CryptoCompare, the global leader in digital asset data, today announced an update to its cryptocurrency Exchange Benchmark, revealing a new ranking of exchanges based on several criteria including counterparty, operational, trading and security risk.

Published On
June 3, 2020
CryptoCompare Exchange Benchmark

MV Index Solutions GmbH (MVIS) in partnership with CryptoCompare, announced the launch of the MVIS CryptoCompare Bitcoin Benchmark Rate (ticker: BBR), an index designed to offer a robust hourly price for Bitcoin in USD.

Published On
April 9, 2020
CryptoCompare Exchange Benchmark

The MVIS CryptoCompare Institutional Bitcoin Index has been licensed to 3iQ Corp for The Bitcoin Fund (Ticker: QBTC.u on the Toronto Stock Exchange).

In The News

Bloomberg
April 28, 2020
CryptoCompare Exchange Benchmark

The average daily volume of top derivatives exchanges, including Huobi, BitMex and OkEx, dropped from 30% to nearly 60% between March and April, according to CryptoCompare. Average daily volume on many spot exchanges, including Binance and OkEx, also dropped by at least 10%.

Finance Magnates
January 29, 2020
CryptoCompare Exchange Benchmark

Intelligence Unit (IU) (…) announced its partnership with Nomura Research Institute (NRI) to launch a digital asset index – NRI/IU Crypto-Asset Index – in Japan. (…), also tied with MV Index Solutions and CryptoCompare for utilizing their market and price tracking technologies.

Yahoo Finance
July 25, 2019
CryptoCompare Exchange Benchmark

Ripple has recently opted for a new trading volume benchmark, based on data from cryptocurrency index CryptoCompare. Ripple hopes it will be able to better address concerns about “misreported, falsified and inflated reported trading volumes,” and provide more accurate trading figures.