CME Group Forays into Crypto with XRP, ICP Reference Rates and Indices

IconCryptoNewsTerminal Staff11 Jul, 2024

cryptonews.jpg

CME Group Forays into Crypto with XRP, ICP Reference Rates and Indices

CME Group, the renowned global derivatives marketplace, has partnered with CF Benchmarks to introduce XRP and Internet Computer Protocol (ICP) reference rates and real-time indices. This move signifies CME Group's expansion into the burgeoning cryptocurrency market. The reference rates and indices will be calculated and published daily starting from July 29th on CF Benchmarks' robust platform. These tools will provide market participants with transparent and reliable benchmarks for pricing and risk management in the XRP and ICP markets. The launch of these products aligns with CME Group's commitment to offering a comprehensive suite of financial instruments that cater to the evolving needs of traders and investors. By providing access to accurate and timely crypto-asset data, CME Group cements its position as a leader in the digital asset space.

Related News