LAUSANNE, Switzerland – June 23, 2022
Compass Financial Technologies, the Swiss and French based EU regulated index provider launches for Bitkub, the Thailand’s leading digital asset exchange, the Bitkub Index. The index is a diversified digital asset index, representing a basket of digital assets traded on Bitkub Exchange weighted by their market capitalization to benchmark the performances of the underlying digital assets traded on Bitkub Exchange.
The Bitkub Daily Index (“BITKUBDAY”) measures daily crypto exchange rates against Thai Baht for assets traded within Bitkub Exchange. Indices are computed daily, every day of the year. They are calculated at the end of every day and published at 05:00 PM (GMT+7), daily.
The Bitkub Real-Time Index (“BITKUB”) measures daily crypto exchange rates against Thai Baht for assets traded within Bitkub Exchange. Indices are computed and published every minute, 24 hours per day, every day of the year.
Indices are available at https://www.bitkub.com/bitkub-index, on Bloomberg and Refinitiv.
Peerasit Chiwapong, CEO of Bitkub Infinity Co.,Ltd shares his vision for the Bitkub Index : “This is the historic crypto index in Thailand. Bitkub is proud to be the first Exchange to launch Bitkub Index to represent the movement of constituents listed in our Exchange. This country’s first index will be the benchmark for investors to track performances and be the quick measure of the direction of the largest crypto currency market in Thailand.
Bitkub is ecstatic to have Compass Financial Technologies as the index calculator and administrator. The Compass team has been incredibly supportive for our unique index offering. The team brings much needed expertise and advice to our vision of a crypto currency index.“,
Guillaume Le Fur, CEO of Compass Financial Technologies, comments:“We are very proud to partner with Bitkub, the Thailand’s leading digital asset exchange on their innovative Bitkub Index. It was a great pleasure to work with their team.
Thailand is one of the most dynamic Asian countries in the crypto space and we are excited to collaborate with Bitkub to improve benchmarking in the crypto space and to accompany the growing appetite of investors for digital asset exposure.”
Bitkub is the leading new generation digital asset and cryptocurrency exchange platform in Thailand that specializes and offers advanced exchange services to individuals who intend to buy, sell, and store cryptocurrencies.
About Compass Financial Technologies
Compass is one of the leading digital asset index providers. Its benchmark indices have over $4bn and are tracked by multiple financial products worldwide. Compass is registered as an index administrator under the EU Benchmarks Regulation (EU BMR).