The CF Ripple-Bitcoin Spot Rate (XRPXBT_RTI) is a once a second benchmark index price for Ripple XRP denominated in Bitcoin that aggregates order data from Ripple XRP-Bitcoin markets operated by major cryptocurrency exchanges that conform to CF Benchmarks rigorous regulatory requirements. Calculated every second, it is the most precise source for the Ripple-Bitcoin pair and the pre-eminent benchmark for real time valuations between the Ripple-Bitcoin pair being a Registered Benchmark under EU BMR. The CF Ripple-Bitcoin Spot Rate is a collateral valuation mechanism for trading on Kraken Futures.