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LCX Cryptocurrency Reference Price Services

LCX Cryptocurrency Reference Prices

The LCX Cryptocurrency Reference Prices are daily reference prices of the U.S. dollar price and Euro price of one bitcoin and one ethereum. Each day, the LCX Reference Price aggregates the trade flow of major bitcoin spot exchanges during a specific one-hour calculation window. The LCX Reference Prices are published and updated daily at 16:00 (4:00 p.m.) Liechtenstein time (central european time – CET).

The LCX Cryptocurrency Reference Price Service provides a credible reference price to the marketplace and enhance market participants’ risk management of digital assets. LCX Cryptocurrency Reference Price Services are designed to help accelerate the professionalization of digital asset trading.

Professionalization Of Digital Asset Trading

The LCX Cryptocurrency Reference Prices is an expansion and improvement of a number of price referencing features and proprietary solutions that have been developed and offered by the LCX AG as a part of our LCX Terminal platform since 2019: now, following positive feedback and encouragement from our users, we are taking our pricing services to the next level.

As a blockchain-based service provider in Liechtenstein, LCX AG and our services naturally fall within the scope of the new Blockchain Act that came into effect in 2020. As a part of the transitional period, that is applicable to those Liechtenstein-based service providers that commenced their operations prior to 2020, LCX has formally notified FMA about all our existing services, and continues a very productive and positive dialog with our highly esteemed regulatory body to ensure that all our operations, services and activities are conducted in full compliance with applicable regulatory provisions. 

LCX Bitcoin Reference Price in U.S. dollar (BRP-USD) is calculated based on the following connected six exchanges: Bittrex, Bitfinex, Kraken, Coinbase Pro, Liquid and Gemini. LCX Bitcoin Reference Price in Euro (BRP-EUR) is calculated based on the following connected four exchanges: Bitfinex, Kraken, Coinbase Pro, and Liquid.

LCX Ethereum Reference Price in U.S. dollar (ERP-USD) is calculated based on the following connected six exchanges: Bittrex, Bitfinex, Kraken, Coinbase Pro, Liquid and Gemini. LCX Ethereum Reference Price in Euro (ERP-EUR) is calculated based on the following connected four exchanges: Bitfinex, Kraken, Coinbase Pro, and Liquid.

Bitcoin BTC / USD

LCX Bitcoin Reference Price in U.S. Dollar

BRP – USD

Bitcoin BTC / EUR

LCX Bitcoin Reference Price in Euro

BRP – EUR

Ethereum ETH / USD

LCX Ethereum Reference Price in U.S. Dollar

ERP – USD

Ethereum ETH / EUR

LCX Ethereum Reference Price in Euro

ERP – EUR

A Credible Reference Price For The Token Economy

On October 3, 2019, the parliament of Liechtenstein unanimously voted for the first-ever Blockchain Act in the world. Officially, the act is referred to as the “Token and Trustworthy Technology Service Providers Act” (TVTG), and the act has become effective on January 1, 2020. The TVTG is a legal framework defining trustworthy technologies (TT) system that regulates service providers in the token economy. 

According to Liechtenstein’s Blockchain Act (TVTG) the TT price service provider is “A person or entity providing TT system users with aggregated price information based on buy and sell offers or completed transactions.” 

Effective January 2020, Liechtenstein Blockchain Act came into effect, clearly defining and providing regulatory guidance and framework to blockchain-focused service providers, such as LCX AG, what are providing blockchain-based services, including “Trustworthy Technology Price Services”, that are currently supervised and regulated by the Liechtenstein financial regulator, FMA.  

Methodology Report (PDF)

Methodology Report of the LCX Cryptocurrency Reference Price Services:

  • About – LCX Cryptocurrency Reference Price Services
  • Definitions
  • What is the LCX Bitcoin Reference Price (BRP)?
  • What is the LCX Ethereum Reference Price (ERP)?
  • How are the LCX Cryptocurrency Reference Prices calculated?
  • LCX Cryptocurrency Reference Prices Formula
  • LCX Bitcoin Reference Price Parameters
  • LCX Ethereum Reference Price Parameters 

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