Aug 13, 2024
Notice of the Demising of CF Enjin-Dollar Settlement Price and Spot Rate
The Administrator announces that it will demise the CF Enjin-Dollar Settlement Price (ENJUSD_RR) and CF Enjin-Dollar-Dollar Spot Rate (ENJUSD_RTI), which are members of the CF Digital Asset Index Family.
Rationale
As of June 14th, 2024, input data for the CF Enjin-Dollar Settlement Price and CF Enjin-Dollar Spot Rate have only been available from Kraken and Bitstamp. Coinbase suspended trading in Enjin-Dollar markets on June 14th, 2024. Trading volumes on the remaining two Constituent Exchanges no longer meet the required spot trading volume requirements as set out by the Index Methodology.
Implementation Date
Accordingly, the Administrator will demise both benchmarks at around 11:00 London Time on August 20th, 2024.
This means the CF Enjin-Dollar Settlement Price published on August 19th, 2024, will be the final value of this benchmark. The final value of the CF Enjin-Dollar Spot Rate will be published at approximately 11:00 London Time on August 20th, 2024. The demising process has been overseen by the CF Cryptocurrency Index Family Oversight Function.
Questions or queries regarding the demise should be directed to [email protected].
Any complaints regarding the demise process can be made confidentially by writing to [email protected].
The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell any of the underlying instruments cited including but not limited to cryptoassets, financial instruments or any instruments that reference any index provided by CF Benchmarks Ltd. This communication is not intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. Please contact your financial adviser or professional before making an investment decision.
Note: Some of the underlying instruments cited within this material may be restricted to certain customer categories in certain jurisdictions.
Ken Odeluga
CF Benchmarks
Gabriel Selby