JPX & QUICK Unveil Joint Crypto Asset Index Series for Japan

JPX Market Innovation & Research Inc. and QUICK Corp have joined forces to calculate and operate a series of indices reflecting yen-denominated spot crypto asset transactions in Japan.

The move comes as the country's domestic market for crypto assets continues to grow, with over 14 million accounts opened with exchange service providers and deposits totaling JPY 5 trillion last year.

The two companies have leveraged their expertise to design and operationalize frameworks for these indices, which will be based on trade execution information from multiple Japanese exchanges.

As a result of this collaboration, the QUICK Bitcoin Index will now be known as the JPX-QUICK Bitcoin Index, and the company will also publish the JPX-QUICK Ethereum Index.