Indonesia launches first crypto asset index, CFX10

PT Central Finansial X (CFX), Indonesia's Crypto Exchange, has launched the nation's first crypto asset index, named CFX10. This new index is designed to serve as a benchmark for market players, offering a clearer view of the direction of the national crypto asset industry, which has lacked a representative indicator.

CFX President Director Subani stated that the CFX10 was developed to meet market demand for an indicator that comprehensively reflects the crypto asset market's condition. "So if we talk about the crypto asset market, there hasn't been one parameter that can represent the overall condition of Indonesia's crypto asset market. The presence of this CFX10 index can be a credible reference for crypto asset consumers because it is built on a transparent methodology," Subani explained.

The CFX10 index measures the performance of the 10 largest crypto assets listed in the Digital Financial Asset List (DAKD). Constituent selection is based on criteria including market capitalization, with index calculations referencing trading data reported to CFX. The index composition will be evaluated every three months to maintain accuracy and market relevance.

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So if we talk about the crypto asset market, there hasn't been one parameter that can represent the overall condition of Indonesia's crypto asset market. The presence of this CFX10 index can be a credible reference for crypto asset consumers because it is built on a transparent methodology.

Currently, CFX10 constituents include Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), XRP, Solana (SOL), Tron (TRX), Dogecoin (DOGE), Hyperliquid (HYPE), Bitcoin Cash (BCH), and Cardano (ADA). Assets like stablecoins, wrapped assets, and staked assets are excluded. The selection process involves a minimum monthly transaction volume and trading on specific Digital Financial Asset Traders (PAKD).

Subani added that the launch of CFX10 is a step towards strengthening transparency and developing the national crypto asset industry, which is now under the supervision of the Financial Services Authority (OJK). He believes the index will provide investors with a clearer market overview and serve as a foundation for future product development, fostering innovation and competitiveness in the sector.

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Transparency of data is the foundation, and on top of that foundation, CFX will continue to spur the birth of new product innovations and can improve the competitiveness of the national crypto asset industry. Going forward, we hope this index can be the precursor for the development of other innovative derivative products.