BNC Pricing Source Eligibility Criteria
Brave New Coin has developed this Pricing Source Eligibility Criteria in line with the Principles for Financial Benchmarks provided by the International Organization of Securities Commissions (“IOSCO”), and in particular Principle 7, ‘Data Sufficiency’.
To ensure transactions used in BNC pricing and volume data are formed by the competitive forces of supply and demand, particular attention is applied to the quality of exchange venues from which these transactions are sourced.
As well as ensuring sufficient data provision, qualified pricing sources must demonstrate the existence of an active market, consisting exclusively of observable bona fide, arms-length transactions. Exchanges where a majority of transactions are suspected to be wash trades are disqualified, and therefore excluded from use in BNC pricing services and aggregate volume statistics. These criteria are maintained by the BNC Research & Integrations team.
Please see the below public release for full details on this announcement.
Brave New Coin reaches 500,000+ engaged crypto enthusiasts a month through our website, podcast, newsletters, and YouTube. Get your brand in front of key decision-makers and early adopters. Don’t wait – Secure your spot and drive real impact in Q4. Find out more today!
