CME Group, the world's leading derivatives marketplace, and CF Benchmarks, a top provider of cryptocurrency benchmark indices, have announced the launch of two new cryptocurrency reference rates and real-time indices for Ripple XRP (XRP) and Internet Computer (ICP). These benchmarks will be calculated and published daily by CF Benchmarks starting July 29, providing transparent pricing data for market participants.
Key Features of the New Cryptocurrency Benchmarks
- Non-Tradable Products: These reference rates and indices are designed for valuation and risk management, not as tradable futures.
- Broad Market Coverage: With 24 cryptocurrencies now included, the suite covers 93% of the investible cryptocurrency market capitalization.
- Transparent Pricing: Data sourced from leading exchanges like Bitstamp, Coinbase, Gemini, itBit, Kraken, and LMAX Digital.
Daily & Real-Time Updates:
- Reference Rates: Published once daily.
- Real-Time Indices: Updated every second, 24/7.
Why These Benchmarks Matter
Enhanced Portfolio Valuation
The new benchmarks enable accurate portfolio valuation and structured product creation, helping institutions and traders manage crypto exposure effectively.
Risk Management Tools
By providing reliable pricing data, these indices allow clients to hedge risks and make informed decisions in the volatile crypto market.
Industry Leadership
CME Group and CF Benchmarks continue to expand their benchmark offerings, supporting the maturation of the cryptocurrency asset class.
Methodology & Data Sources
Each benchmark adheres to strict calculation standards:
- Minimum Two Exchange Sources: Ensures robustness and reliability.
- 24/7 Availability: Real-time indices reflect live market conditions.
- Regulated Compliance: CF Benchmarks operates under the EU Benchmarks Regulation (BMR), ensuring transparency and accountability.
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FAQs
1. What are the new cryptocurrency reference rates for?
These rates provide daily dollar valuations for XRP and ICP, aiding in portfolio assessment and product structuring.
2. Can these benchmarks be traded as futures?
No, they are pricing tools only and not tradable derivatives.
3. Which exchanges contribute pricing data?
Data is aggregated from Bitstamp, Coinbase, Gemini, itBit, Kraken, and LMAX Digital.
4. How often are the real-time indices updated?
Every second, around the clock.
5. Why is CF Benchmarks a trusted provider?
As a regulated benchmark administrator under BMR, CF Benchmarks ensures methodological transparency and governance.
6. What percentage of the crypto market do these benchmarks cover?
The expanded suite now covers 93% of the investible crypto market cap.
About CME Group and CF Benchmarks
CME Group
A global leader in derivatives trading, offering futures, options, and clearing services across asset classes like interest rates, equities, and commodities.
CF Benchmarks
The leading regulated crypto index provider, powering major spot ETFs and derivatives worldwide, with over $50 billion in assets referenced to its indices.
👉 Learn more about crypto benchmarks
By delivering transparent, reliable pricing data, these new benchmarks reinforce CME Group and CF Benchmarks' commitment to advancing the cryptocurrency ecosystem. Institutions and traders alike can leverage these tools for better risk management and market analysis.