FRANKFURT, Germany–(BUSINESS WIRE)–MV Index Solutions GmbH (MVIS®) in partnership with CryptoCompare, international chief in digital asset knowledge, at this time introduced the launch of the MVIS CryptoCompare Ethereum Benchmark Rate (ticker: EBR), an index designed to supply a strong hourly worth for Ethereum in USD.
The index serves as a reference fee for funds, asset managers and exchanges who want to construct monetary merchandise, reminiscent of derivatives and ETPs, on Ethereum. It aggregates transaction costs on the highest 5 exchanges, chosen by way of the CryptoCompare Exchange Benchmark, and disseminates hourly. The index relies on a median of quantity-weighted median costs.
“We’re happy to launch this index, which is designed to supply a worth for Ethereum which is difficult to control,” mentioned Thomas Kettner, Managing Director at MVIS. “It enhances our Bitcoin Benchmark Fee (BBR), which has develop into a well-liked benchmark since its launch final 12 months.”
Charles Hayter, CEO and Co-Founding father of CryptoCompare, commented: “The launch of the MVIS CryptoCompare Ethereum Benchmark Fee shall be key in serving to institutional traders achieve higher publicity to Ethereum and bringing new gamers to market.”
The MVIS CryptoCompare Ethereum Benchmark Rate (EBR) is a rules-based index which covers the very best ranked exchanges in CryptoCompare’s Trade Benchmark together with Coinbase, Gemini, Bitstamp, Kraken, and itBit, on the time of launching. Detailed details about the index, reminiscent of methodology and index knowledge, is offered on the MV Index Solutions website.
Key Index Options
Variety of Parts: 1
Base Date: 12/31/2017
Base Worth: 745.36
Word to Editors:
About MV Index Resolution – www.mvis-indices.com
MV Index Options (MVIS®) develops, displays and licenses the MVIS Indices, a collection of centered, investable and diversified benchmark indices. The indices are particularly designed to underlie monetary merchandise. MVIS Indices cowl a number of asset courses, together with fairness, fastened earnings markets and digital property and are licensed to function underlying indices for monetary merchandise. Roughly USD 27.07 billion in property beneath administration (as of three June 2020) are at present invested in monetary merchandise primarily based on MVIS Indices. MVIS is a VanEck firm.
About CryptoCompare – https://data.cryptocompare.com
CryptoCompare is a world chief in digital asset knowledge. Institutional and retail traders depend on the corporate for real-time and historic knowledge spanning 5,000+ cash and 200,000+ forex pairs. By aggregating and analysing tick knowledge from globally recognised exchanges and seamlessly integrating a number of datasets, CryptoCompare supplies a complete, granular overview of the market throughout commerce, order e-book, historic, social and blockchain knowledge.