CoinDesk Indices and SGX Launch iEdge CoinDesk Cryptocurrency Indices

CoinDesk Indices, in collaboration with SGX Indices, has launched the iEdge CoinDesk Cryptocurrency Indices. These indices aim to provide regulated benchmarks for institutional investors.

The new indices include real-time benchmarks and reference rates for Bitcoin and Ethereum, compliant with EU Benchmarks Regulation (EU BMR).
Indices are based on pricing data from selected crypto exchanges that meet liquidity and governance criteria.
The iEdge CoinDesk Bitcoin Reference Rate Index (IEBRR) and Ethereum Reference Rate Index (IEERR) will be published daily at 4PM SGT.
The iEdge CoinDesk Bitcoin Real Time Index (IEBRT) and Ethereum Real Time Index (IEERT) will publish prices every second, 24/7.
Indices are intended for institutional applications and not for retail investment.

Andy Baehr from CoinDesk Indices emphasized the importance of regulatory compliance for financial professionals. Mohit Baheti from SGX Group noted this launch addresses the need for reliable pricing tools in the growing interest from professional investors.