International derivatives marketplace CME Group and provider of cryptocurrency benchmark indices CF Benchmarks today announced plans to launch two new cryptocurrency reference rates and real-time indices for Ripple XRP (XRP) and Internet Computer (ICP), which will be calculated and published daily by CF Benchmarks, beginning July 29.
These reference rates and indices are not tradable futures products.
“These new benchmarks are designed to provide clear and transparent pricing data to a broad range of market participants, allowing them to more accurately value portfolios or create structured products,” said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. “With 24 cryptocurrencies in our suite of CME CF References Rates and Real-Time Indices, we will provide pricing data across more than 93% of the investible cryptocurrency market capitalization,…
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