- Expanded suite of non-tradable reference rates and indices to capture over 90% of investible cryptocurrency market cap today
CHICAGO and LONDON, April 7, 2022 /PRNewswire/ — CME Group, the world’s leading derivatives marketplace, and CF Benchmarks, the leading provider of cryptocurrency benchmark indices, today announced plans to launch 11 new cryptocurrency reference rates and real-time indices, which will be calculated and published daily by CF Benchmarks, beginning April 25.
These reference rates and indices are not tradable futures products. They include the following:
|
• Algorand (ALGO) |
• Cosmos (ATOM) |
• Solana (SOL) |
|
• Bitcoin Cash (BCH) |
• Litecoin (LTC) |
• Stellar Lumens |
|
• Cardano (ADA) |
• Polkadot (DOT) |
(XLM) |
|
• Chainlink (LINK) |
• Polygon (MATIC) |
• Uniswap (UNI) |
“As the digital asset market continues to expand, there is an increasing demand for reliable, standardized cryptocurrency pricing information based on robust, regulated reference rates,” said Tim McCourt, CME Group Global Head of Equity and FX Products. “These new benchmarks, which capture over 90% of the total investible cryptocurrency market cap today, are designed to allow traders, institutions and other users to confidently and more accurately manage cryptocurrency price risk, price portfolios or create structured products like ETFs.”
CME CF Reference Rates and Real-Time Indices are based on robust methodologies that have regular expert oversight and are designed to meet the growing need for transparent, regulated and round-the-clock pricing.
Several leading crypto exchanges and trading platforms will provide pricing data for these new benchmarks, starting initially with Bitstamp, Coinbase, Gemini, itBit and Kraken, as well as LMAX Digital beginning May 3. Each coin will trade on a minimum of two of these constituent exchanges.
“Extending the CME CF Cryptocurrency Reference Rates and Real Time Indices further…
