QUICK and Tokyo Stock Exchange Launch Joint Cryptocurrency Index Series

Japanese financial information service company QUICK and the Tokyo Stock Exchange's research arm JPX総研 announced that they have begun jointly operating the JPX-QUICK Cryptocurrency Index Series. The series includes two indices, the JPX-QUICK ビットコイン指数 (Bitcoin index) and the JPX-QUICK イーサリアム指数 (Ethereum index), which are based on the market capitalization of Bitcoin and Ethereum.

The indices will be calculated daily and published by QUICK, with JPX総研 providing data support. The reference exchanges for the indices include Bitbank, Bitflyer, Coincheck, and GMO Coin. The calculation methodology and operating guidelines for the indices have also been released.

QUICK said that the joint operation of the indices will provide a more comprehensive understanding of the cryptocurrency market in Japan by incorporating data from multiple domestic exchanges.