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CF Benchmarks Launches Indices for Tezos, Stellar Lumens and EOS

CF Benchmarks

• 1 min read
CF Benchmarks Launches Indices for Tezos, Stellar Lumens and EOS

CF Benchmarks will begin publishing benchmark indices for Tezos (XTZ), Stellar Lumens (XLM) and EOS (EOS) to USD from today.

Each asset will be represented by both a once a day Settlement Price and a per second Spot Rate, published 365 days a year. Transaction and Order Book data for these indices will be drawn from Coinbase and Kraken. The new indices will become the latest members of the CF Cryptocurrency Index Family - full index methodology and governance documents can be found here.

"We are excited to be able to break new ground for EOS, Stellar Lumens and Tezos. Our benchmark price indices are the first for these assets to be offered by a regulated Benchmark Administrator," said Sui Chung, CEO of CF Benchmarks. "This means financial services providers can now use our indices and offer products referencing these assets with the confidence that a robust and transparent benchmark price index, calculated using tried and tested methodologies brings."

Commenting on the news Tezos Co-Founder, Arthur Breitman remarked “Building a price benchmark for a cryptocurrency is not a trivial endeavour. CF Benchmarks has successfully done so for BTC and ETH and I'm glad to hear they have now built one for XTZ."

As well as helping to develop the financial ecosystem around these assets the indices will also help bring standardised and transparently determined valuations of the assets to the substantial community of users of these assets. This will help to alleviate the frictions in valuing and accounting for holdings that many investors often encounter.

Disclosure - CF Benchmarks Ltd. is a wholly owned subsidiary of Kraken, a provider of input data to the indices produced by CF Benchmarks

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