# Article 2 — Indicators for assessing significance on international scale **Commission Delegated Regulation (EU) 2024/1506 · binding · OJ L, 2024/1506, 30.5.2024 · dated 22 Feb 2024 [in force]** *In force · Commission Delegated Regulation (EU) 2024/1506, OJ L, 2024/1506, 30.5.2024 · Checked against EUR-Lex on 20 Oct 2026 · [Official source](https://eur-lex.europa.eu/eli/reg_del/2024/1506/oj/eng)* 1. When assessing whether the criterion set out in [Article 43(1)](../../articles/43.md), point (e), of Regulation (EU) 2023/1114 is fulfilled, the EBA shall assess all of the following core indicators:\ a) the significance of the market share of value of cross-border transactions in asset-referenced tokens or e-money tokens into the Union and from the Union;\ b) the significance of the estimated market share of value of cross-border transactions in asset-referenced tokens or e-money tokens into the Union and from the Union that are associated to uses as a means of exchange;\ c) the degree of market capitalisation on an international scale of an asset-referenced token or an e-money token on the last calendar day of the relevant period;\ d) the degree of market capitalisation on an international scale of all asset-referenced tokens and e-money tokens issued by the issuer or issuers concerned on the last calendar day of the relevant period.\\ 2. For the purposes of paragraph 1, point (a), the EBA shall consider all of the following sub-indicators:\ a) the market share of value of cross-border transactions in asset-referenced tokens or e-money tokens into the Union (inflow transactions);\ b) the market share of value of cross-border transactions in asset-referenced tokens or e-money tokens from the Union (outflow transactions).\\ The EBA shall calculate the sub-indicator referred to in the first subparagraph, point (a), in accordance with the following formula: the total aggregate value of transactions of which the payer is outside the Union and the payee is inside the Union in a given asset-referenced token or e-money token during the relevant period the total aggregate value of transactions of which the payer is outside the Union and the payee is inside the Union in all asset-referenced tokens and e-money tokens during the relevant period The EBA shall calculate the sub-indicator referred to in the first subparagraph, point (b), in accordance with the following formula: the total aggregate value of transactions of which the payer is within the Union and the payee is outside the Union in a given asset-referenced token or e-money token during the relevant period the total aggregate value of transactions of which the payer is within the Union and the payee is outside the Union in all asset-referrenced tokens and e-money tokens during the relevant period 3. The EBA shall calculate the estimated market share referred to in paragraph 1, point (b), in accordance with the following formula: the estimated total aggregate value of cross-border transactions in a given asset-referenced token or e-money token into the Union and from the Union that are associated to its uses as a means of exchange during the relevant period the estimated total aggregate value of cross-border transactions in all asset-referenced tokens and e-money tokens into the Union and from the Union that are associated to their uses as a means of exchange during the relevant period)