TradeBlock, a leader in enterprise blockchain asset tools, has announced quarterly updates to its cryptocurrency indices, refining the constituents of four key benchmarks: ETC/USD (ECX), ETH/USD (ETX), XLM/USD (XLMX), and XRP/USD (XRX). These changes, effective April 20–21, 2019, aim to enhance price discovery and maintain accurate reference rates for digital currencies.
Key Updates to TradeBlock Indices
TradeBlock’s indices provide standardized USD spot rates for cryptocurrencies, serving as critical benchmarks for traders and institutions. Below are the specific adjustments:
1. ECX Index (ETC/USD)
Delisted:
- Bittrex ETC/XBT pair
Added:
- Bittrex ETC/USD pair
2. ETX Index (ETH/USD)
Delisted:
- Poloniex and Bittrex ETH/XBT pairs
Added:
- itBit ETH/USD pair
3. XLMX Index (XLM/USD)
Delisted:
- Kraken XLM/XBT pair
Added:
- Coinbase XLM/USD pair
4. XRX Index (XRP/USD)
Added (no delistings):
- Coinbase XRP/USD pair
Why These Updates Matter
TradeBlock’s quarterly reviews ensure indices reflect current market dynamics by:
- Eliminating outdated or illiquid pairs (e.g., XBT-based trades).
- Incorporating USD pairs for broader accessibility.
- Aligning with exchange liquidity trends, such as Coinbase’s growing dominance.
👉 Explore real-time crypto index data to track these benchmarks.
FAQs
Q1: How often does TradeBlock update its indices?
A: TradeBlock conducts quarterly reviews, with adjustments made every three months.
Q2: Why switch from XBT to USD pairs?
A: USD pairs offer greater stability and wider adoption among institutional investors.
Q3: Will these changes affect index-tracking funds?
A: Yes, funds replicating TradeBlock indices must rebalance holdings to match new constituents.
Q4: Where can I access TradeBlock’s index methodology?
A: Methodology details are available on TradeBlock’s official website.
These updates underscore TradeBlock’s commitment to transparency and benchmark reliability. For traders, staying informed about index changes is crucial for accurate market analysis.
👉 Learn how indices influence crypto trading strategies with expert insights.
Note: All hyperlinks except the specified OKX link have been removed to comply with guidelines.
### SEO Keywords:
- TradeBlock indices
- Cryptocurrency benchmarks
- ETC/USD index
- ETH/USD index
- XLM/USD index
- XRP/USD index
- Crypto index updates