CME Group announces the launch of three crypto reference rates
Join Our Telegram channel to stay up to date on breaking news coverage In its recent announcement, derivatives market giant, CME Group, revealed plans to launch three new crypto reference rates. The launch is expected to take place by the end of the month, and it will include reference rates for three cryptocurrencies — Avalanche (AVAX), Filecoin (FIL), and Tezos (XTZ). The company also noted that this is being done in partnership with CF Benchmarks, the leading provider of crypto benchmark indices, which is authorized and regulated by the United Kingdom’s FCA. What will the new product offer? The announcement further notes that the rates will show the price of each token in US dollars and that they will be published once per day, at 4 pm BST. However, the respective real-time index will be published each second, 24/7/365. The data for the reference rates will come from highly reputable sources, including some of the largest and most trusted exchanges in the world, such as C