Jan 27, 2023
Cessation of Certain Settlement Prices and Spot Rates of the CF Cryptocurrency Index Family
The Administrator hereby announces the cessation of the below benchmarks from the CF Cryptocurrency Index Family:
|CF Axie Infinity-Dollar Settlement Price||AXSUSD_RR|
|CF Axie Infinity-Dollar Spot Rate||AXSUSD_RTI|
|CF Chiliz-Dollar Settlement Price||CHZUSD_RR|
|CF Chiliz-Dollar Spot Rate||CHZUSD_RTI|
|CF Decentraland-Dollar Settlement Price||MANAUSD_RR|
|CF Decentraland-Dollar Spot Rate||MANAUSD_RTI|
Rationale for Cessation
The reason for cessation of these benchmarks is commercial. The Administrator will publish benchmarks to replace them that will:
- Utilize input data from the same pool of Constituent Exchanges
- Utilize the same calculation methodology
- Are published at the same time – 16:00 London, utilizing input data during the most liquid period for trading in the Asset Pairs
- Mean no loss of service for index users
To promote an orderly transition and minimize any market impact, the benchmarks will continue to be published until provision ceases from 11:00 London time on January 30th, 2023, meaning that the last values to be published will be for January 29th, 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]