LCX Launches Cryptocurrency Reference Price Services
by LCX Team · March 18, 2020
LCX Cryptocurrency Reference Price Services
LCX announces the launch of LCX Cryptocurrency Reference Price Services, which is a service that became regulated in 2020 by the new Liechtenstein Blockchain Laws as Trustworthy Technology Reference Price Services. Operators of the TT Price Services and other blockchain-based services are supervised by the Liechtenstein Financial Market Authority (FMA).
The LCX Cryptocurrency Reference Price Services includes four different reference prices called
the LCX Bitcoin Reference Price (BRP) in USD and Euro and
the LCX Ethereum Reference Price (ERP) in USD and Euro.
The LCX Cryptocurrency Reference Prices is an expansion and improvement of a number of prices 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.
How are the LCX Cryptocurrency Reference Price Services calculated?
The LCX 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).
Learn more at: www.LCX.com/Cryptocurrency-Reference-Price-Services
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.
Risk Warning: Digital assets, such as Cryptocurrencies and Tokens, are subject to a number of risks, including price volatility. Transacting in digital assets could result in significant losses and may not be suitable for some consumers. Digital asset markets and exchanges are not regulated with the same controls or customer protections available with other forms of financial products and are subject to an evolving regulatory environment. Digital assets do not typically have legal tender status and are not covered by deposit protection insurance. The past performance of a digital asset is not a guide to future performance, nor is it a reliable indicator of future results or performance. Additional disclosures can be found at Terms of Service.