Join Our Mailing List
Monday March 20, 2023
Bitcoin (BTC) $27,975.50   Ethereum (ETH) $1,779.20
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Ethereum

TradeBlock launches reference rate for the USD denominated price of Ethereum Classic

Published by CryptoNinjas.net
01/31/2017

TradeBlock today announced the launch of the ECX Index, an institutional-quality reference rate for the USD-denominated price of Ethereum Classic. TradeBlock is a leading provider of institutional trading tools for digital currencies.

TradeBlock’s ECX index is designed to provide a reference for Ethereum Classic by applying many methodologies similar to TradeBlock’s XBX Index, which has been widely adopted by institutional bitcoin markets.

The ECX index is based on trading activity observed on the leading Ethereum Classic exchanges to provide a real-time rate. The ECX index maximizes the replicability of its value in the live spot markets by weighting exchange data based on the venue’s liquidity and automatically de-weighting anomalistic trading in real-time.

As is the case with the XBX index, TradeBlock uses the framework defined by IOSCO’s Principles for Financial Benchmarks for the calculation methodology and governance protocols of its ECX index.

The ECX index includes markets that are liquid in both the ETC/USD & ETC/XBT crosses, incorporating the XBX index rate to offer a consolidated ETC/USD reference rate.

After experiencing substantial growth with their Bitcoin Investment Trust (GBTC), Grayscale Investments filed with the SEC on Jan 20, 2017, to list it on the New York Stock Exchange, officially positioning their product like an ETF that will track bitcoin’s price and will use XBX index as its reference rate.

Grayscale Investments has also recently announced the launch of their next digital currency investment product, the Ethereum (ETC) Investment Trust (EIT), which will use TradeBlock’s ECX as the reference rate to determine Net Asset Value.

Over the coming weeks, tools to track ECX performance and related information will be made available on the public sections of TradeBlock’s website.

13
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

ErisX market data now available on crypto analytics platform TradeBlock

12/08/2020
ErisX market data now available on crypto analytics platform TradeBlock

ErisX, a platform to access crypto spot and futures markets, has partnered with TradeBlock, a provider of digital currency trading tools, analytics, and indexes, to publish its spot market data. "It is critical for...

Read more

TradeBlock updates constituents on all cryptocurrency indices

01/07/2020
TradeBlock updates constituents on all cryptocurrency indices

TradeBlock, a provider of institutional trading tools for digital currencies, has announced that starting on Saturday, January 18th, the company will be updating the constituents on all of its cryptocurrency indices. The process will...

Read more

TradeBlock: Bitcoin on-chain activity set new records in 2019

12/31/2019
TradeBlock: Bitcoin on-chain activity set new records in 2019

Bitcoin had one of its strongest years yet in terms of on-chain activity and usage, with several network metrics demonstrating all-time high activity. Bitcoin transaction count, transaction volume (on a USD equivalent basis), and...

Read more

Ethereum Classic hard fork “Agharta” creates important ETC/ETH compatibility

12/26/2019
Ethereum Classic hard fork “Agharta” creates important ETC/ETH compatibility

ETC Labs, the organization dedicated to advance the development, utilization, and adoption of the Ethereum Classic community, core technology, and ecosystem continues to build upon the vision for compatibility between the ETC and ETH...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
How to Become a Web3 Developer: A Guide to Web3 Jobs

How to Become a Web3 Developer: A Guide to Web3 Jobs

03/15/2023
ArcBlock releases login and authentication demo using decentralized identity

ArcBlock releases login and authentication demo using decentralized identity

03/16/2020
Nomura’s Laser Digital invests in Infinity, an Ethereum-based money market protocol

Nomura’s Laser Digital invests in Infinity, an Ethereum-based money market protocol

02/15/2023
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy