CHICAGO and LONDON, Jan. 5, 2023
/PRNewswire/ -- CME Group, the world's leading derivatives
marketplace, and CF Benchmarks, the leading provider of
cryptocurrency benchmark indices, today announced
plans to launch three new Metaverse reference rates and real-time
indices, which will be calculated and published daily by CF
Benchmarks, beginning January 30.
These reference rates and indices are not tradable futures
products. They include the following:
- Axie Infinity (AXS)
- Chiliz (CHZ)
- Decentraland (MANA)
"As we continue to see a rising interest in Metaverse projects,
CME Group, in partnership with CF Benchmarks, will expand its suite
of regulated, non-tradable Cryptocurrency Reference
Rates and Real-Time Indices to include three new Metaverse tokens,"
said Giovanni Vicioso, CME Group
Global Head of Cryptocurrency Products. "With
increased price transparency across more
cryptocurrency products, market participants will be
able to price sector-specific portfolios, develop structured
products with greater confidence and manage price risk around
various Metaverse-based projects."
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.
As with all existing CME CF Benchmarks reference rates and
real-time indices, these new Metaverse benchmarks will utilize
pricing data from those leading crypto exchanges and
trading platforms that are current constituent exchanges for the
CME CF Benchmark suite of reference rates and real-time indices.
Each of the new Axie Infinity, Chiliz, and Decentraland benchmarks
will be calculated with pricing data from a minimum of two of these
exchanges – Bitstamp, Coinbase, Gemini, itBit, Kraken, and LMAX
Digital.
"These benchmarks will provide accurate and resilient pricing
data for tokens linked to the Metaverse, an exciting new scion of
crypto where properties and communities can exist
wholly within a virtual realm," said Sui
Chung, CEO of CF Benchmarks. "CF Benchmarks is proud to
continue its work with CME Group, providing investors with exposure
to all facets of the digital asset class with reference rates that
meet the high benchmarking standards they've come to expect."
Each of these new reference rates will provide the U.S. dollar
price of each digital asset, published once-a-day at 4 p.m. London
time, while each respective real-time index will be published once
per second, 24 hours a day, 365 days per year.
For more information on these products, please visit
www.cmegroup.com/cryptobenchmarks.
About CME Group
As the world's leading derivatives marketplace, CME Group
(www.cmegroup.com) enables clients to trade futures, options, cash
and OTC markets, optimize portfolios, and analyze data – empowering
market participants worldwide to efficiently manage risk and
capture opportunities. CME Group exchanges offer the widest range
of global benchmark products across all major asset classes based
on interest rates, equity indexes, foreign
exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex® platform, fixed
income trading via BrokerTec and foreign exchange trading on the
EBS platform. In addition, it operates one of the world's leading
central counterparty clearing providers, CME Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and, E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT and Chicago Board
of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. BrokerTec and EBS are trademarks of BrokerTec Europe
LTD and EBS Group LTD, respectively. Dow Jones, Dow Jones
Industrial Average, S&P 500 and S&P are service and/or
trademarks of Dow Jones Trademark Holdings LLC, Standard &
Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as
the case may be, and have been licensed for use by Chicago
Mercantile Exchange Inc. All other trademarks are the property of
their respective owners.
About CF Benchmarks
CF Benchmarks is the leading provider of
cryptocurrency benchmark indices, authorised and
regulated by the UK FCA under the EU BMR. Composed of market data
from six constituent exchanges, its benchmark indices are provided
through public methodologies and transparent governance, for
tracking, valuing and settling risk in cryptocurrency
financial services and products. CF Benchmarks' indices have been
used to settle over $500bn of
cryptocurrency derivative contracts listed for trading
by CME Group and Kraken Futures.
CME-G
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SOURCE CME Group