The Administrator hereby announces the cessation of the below benchmarks from the CF Cryptocurrency Index Family:
|CF Avalanche-Dollar Settlement Price||AVAXUSD_RR|
|CF Avalanche-Dollar Spot Rate||AVAXUSD_RTI|
|CF Filecoin-Dollar Settlement Price||FILUSD_RR|
|CF Filecoin-Dollar Spot Rate||FILUSD_RTI|
|CF Tezos-Dollar Settlement Price||XTZUSD_RR|
|CF Tezos-Dollar Spot Rate||XTZUSD_RTI|
Rationale for Cessation
The reason for cessation of these benchmarks is commercial. The Administrator will publish benchmarks to replace them that will:
To promote an orderly transition and minimise any market impact, the benchmarks will continue to be published until provision ceases from 11:00 London time on October 31st 2022, meaning that the last values to be published will be for October 30th 2022.
In accordance with the Administrator's policies and procedures, this cessation will not be subject to a consultation process.
Alternative benchmarks to those that are the subject of this announcement will be available from the Administrator. The alternative benchmarks will be determined using the same calculation methodology and published at the same time of day as the benchmarks that are the subject of this announcement. The alternative benchmarks will be available to license from the Administrator. All existing licensees will automatically be licensed to utilise the alternative benchmarks for all existing use cases.
The CF Oversight Function has provided oversight to this process.
Questions or queries should be addressed to [email protected]
Should any user wish to file a complaint regarding this cessation process, they can do so confidentially by emailing [email protected]