CME Group and CF Benchmarks to launch 11 cryptocurrency indices

From April 25, the indicators will be calculated and published daily.

07.04.2022 - 14:55

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What’s new? The Chicago Mercantile Exchange (CME Group) and CF Benchmarks, a provider of cryptocurrency benchmark indices, have announced plans to launch 11 new real-time cryptocurrency reference rates and indices. These will be calculated and published daily by CF Benchmarks starting April 25.

The CME Group’s press release

Which indices have been included in the list? The following altcoins are listed: Algorand (ALGO), Cosmos (ATOM), Solana (SOL), Bitcoin Cash (BCH), Litecoin (LTC), Stellar Lumens (XLM), Cardano (ADA), Polkadot (DOT), Chainlink (LINK), Polygon (MATIC), Uniswap (UNI).

Where will the benchmarks be displayed? Several leading cryptocurrency exchanges and trading platforms will provide price data for the new benchmarks. These are Bitstamp, Coinbase, Gemini, itBit, and Kraken, with LMAX Digital also joining from May 3. Each of the new reference rates will represent the price of a digital asset in dollars. The publication will appear once a day at 16:00 UTC. Each relevant real-time index will be published once a second, 24 hours a day, 365 days a year.

What is known about the CME Group? It is a leading derivatives trading platform that enables clients to trade futures and options, optimize portfolios and analyze data, empowering market participants to manage risk effectively. CME Group exchanges offer a wide range of global benchmark products across all major asset classes based on interest rates, equity indexes, and currencies.

What is known about CF Benchmarks? It is a leading provider of cryptocurrency benchmark indices, authorized and regulated by the UK’s Financial Conduct Authority (FCA). CF Benchmarks’ indices have been used to settle over $500 billion in cryptocurrency derivative contracts registered for trading on the CME Group and Kraken Futures.

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