Coin Metrics is pleased to announce the version 2.8 release of our Hourly Reference Rates and version 0.9 release of our Real-Time Reference Rates. Updated methodology documents for both products can be found here and here.

Coin Metrics produces the CM Reference Rates, a collection of prices quoted in U.S. dollars, published once per hour and once per second, for a set of cryptocurrencies and a fiat currencies. 

This release includes the addition of several fiat currencies and cryptocurrencies as well as some terminations to our coverage universe. 

Fiat Currency Coverage Universe Additions

Several fiat currencies are added to our coverage universe. The prices for these fiat currencies are derived from markets traded on centralized cryptocurrency exchanges. Market convention sets the fiat currencies as the quote currency for the majority of active markets. Therefore, constituent markets for these fiat currencies follow a data hierarchy described in our methodology where active markets where the fiat currency is the quote currency are able to be selected. These constituent markets allow for a derived price to be calculated for the fiat currency quoted in U.S. dollars.  The 17 fiat currencies included in this release are included below. 

  • Euro (eur)
  • Korean won (krw)
  • British Pound (gbp)
  • Japanese Yen (jpy)
  • Australian Dollar (aud)
  • Turkish Lira (try)
  • Brazilian Real (brl)
  • Russian Ruble (rub)
  • Singapore Dollar (sgd)
  • Binance IDR (bidr)
  • Nigerian Naira (ngn)
  • Canadian Dollar (cad)
  • Swiss Franc (chf)
  • South African Rand (zar)
  • Rupiah Token (idrt)
  • Hong Kong Dollar (hkd)
  • Ukrainian Hryvnia (uah)

Other Coverage Universe Additions

This release expands our coverage universe to include 16 additional assets. Together with the fiat currencies described above, this release brings our total coverage universe to a total of 351 assets. The additional assets are included below.

  • QCash (qc)
  • Klaytn (klay)
  • PancakeSwap (cake)
  • Bitmax Token (btmx)
  • Flow (flow)
  • ZKSwap (zks)
  • StormX (stmx)
  • SKALE Network (skl)
  • Reef (reef)
  • DODO (dodo)
  • COTI (coti)
  • BORA (bora)
  • Cream Finance (cream)
  • Raydium (ray)
  • BiLira (tryb)
  • KeeperDAO (rook)

Coverage Universe Terminations

The following 6 assets are terminated from our coverage universe due to low volume from our constituent markets, token swaps, token rebrandings, or delistings from exchanges.  

  • Zcoin (xzc)
  • Blockmason Credit Protocol (bcpt)
  • YAMv2 (yamv2)
  • Insolar (xns)
  • The Midas Touch Gold (tmtg)
  • Keep3rV1 (kp3r)

About the CM Reference Rates

The CM Reference Rates are designed to serve as a transparent and independent pricing source that promote the functioning of efficient markets, reduce information asymmetries among market participants, facilitate trading in standardized contracts, and accelerate the adoption of cryptocurrencies as an asset class with the highest standards. The reference rates are calculated using a robust and resilient methodology that is resistant to manipulation and adheres to international best practices for financial benchmarks, including the International Organization of Securities Commissions’ (IOSCO) Principles for Financial Benchmarks. The Coin Metrics Oversight Committee and an independent governance structure protect the integrity of the reference rates and ensure the reference rates serve as sources of transparent and independent pricing.

Please contact Coin Metrics through our website or at [email protected] for more information on the CM Reference Rates.