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Suspension of Bitstamp as a Constituent Exchange for CME CF Cryptocurrency Pricing Products Family indices

The Administrator announces the suspension of Bitstamp as a CME CF Constituent Exchange for certain CME CF Cryptocurrency Pricing Products Family indices, from November 25th, 2024.

CF Benchmarks

• 1 min read
Suspension of Bitstamp as a Constituent Exchange for CME CF Cryptocurrency Pricing Products Family indices

The Administrator announces the suspension of Bitstamp as a CME CF Constituent Exchange for certain CME CF Cryptocurrency Pricing Products Family indices, from November 25th, 2024.

The indices are listed below.

  • CME CF Chiliz-Dollar Reference Rate (CHZUSD_RR)
  • CME CF Chiliz-Dollar Real Time Index (CHZUSD_RTI)
  • CME CF Curve-Dollar Reference Rate (CRVUSD_RR)
  • CME CF Curve-Dollar Real Time Index (CRVUSD_RTI)
  • CME CF Synthetix-Dollar Reference Rate (SNXUSD_RR)
  • CME CF Synthetix-Dollar Real Time Index (SNXUSD_RTI)

Rationale

The Administrator monitors Constituent Exchange trading volumes on an ongoing basis against the CME CF Constituent Exchanges Criteria in order to assess each venue's continuing eligibility to remain a Constituent Exchange. The Administrator has concluded that Bitstamp no longer meets the minimum spot trading volume requirements on a consistent basis. Accordingly, Bitstamp will be suspended as a Constituent Exchange for the benchmarks listed above. This suspension is indefinite.

Implementation Date

Bitstamp will be suspended as a Constituent Exchange from the benchmarks listed above at approximately 11:00 London Time, on November 25th, 2024. The suspension process has been overseen by the CME CF Cryptocurrency Pricing Products Oversight Committee.

Questions or queries regarding the suspension should be directed to info@cfbenchmarks.com.

Any complaints regarding the suspension can be made confidentially by writing to complaints@cfbenchmarks.com

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CF Benchmarks is a member of the Crypto Facilities group of companies which is in turn a member of the Payward, Inc. group of companies. Payward, Inc. is the owner and operator of the Kraken Exchange, a venue that facilitates the trading of cryptocurrencies. The Kraken Exchange is a source of input data for certain CF Benchmarks indices. Payward, Inc. is the owner and operator of the Staked, a venue that operates the block production nodes for decentralized PoS protocols on behalf of institutional investors. Staked.us is a source of input data for certain CF Benchmarks indices.

Please refer to the individual product family documentation for more information about applicable input data sources.