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 Digital Asset Index Family:

Rationale for Cessation

The reason for cessation of these benchmarks is commercial.

Implementation Timeline

To promote an orderly transition and minimise market impact, the benchmarks will continue to be published until provision ceases from approximately 11:00 London time on July 29^th, 2024, meaning that the last values to be published will be for July 28th, 2024.

In accordance with the Administrator's policies and procedures, this cessation will not be subject to a consultation process.

Alternative Benchmarks

Alternative benchmarks to those that are the subject of this announcement will be available from the Administrator.

 The alternative benchmarks will:

• Utilise input data from the same pool of Constituent Exchanges
• Utilise the same calculation methodology
• Be published at the same time – 16:00 London Time, utilising input data from the most liquid period for trading in the Asset Pairs
• Mean no loss of service for index users

Existing licensees will automatically be licensed to utilise the alternative benchmarks for all existing use cases.

The CF Oversight Function has overseen 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]

Note: as of July 29th, 2024, XRPUSD_RR and XRPUSD_RR will begin utilising input data from LAMX Digital in addition to existing input data sources: Bitstamp; Kraken and Coinbase.