CME Group (NASDAQ: CME ) has once again partnered with cryptocurrency benchmark index provider CF Benchmarks to publish new reference rates ...

CME Group and CF Benchmarks to Launch Three More Cryptocurrency Benchmarks



CME Group (NASDAQ: CME ) has once again partnered with cryptocurrency benchmark index provider CF Benchmarks to publish new reference rates and Real Time Index - USD), the companies announced Thursday.

Benchmark decentralized finance (DeFi) rates and indices for these non-tradable futures products will be calculated and published by CF Benchmarks beginning December 19.

The move comes in response to growing interest in DeFi projects and growing demand for transparent, regulated 24/7 pricing. Remember back in October when these companies came together to launch reference rates and indices for Avalanche (AVAX-USD), Filecoin (FIL-USD) and Tezos (XTZ-USD).

“These three new benchmarks, along with Uniswap, which launched earlier this year, will account for more than 40% of the total value locked in DeFi protocols on the Ethereum blockchain,” said Giovanni Vicioso, global head of cryptocurrency products at CME. The courses allow users to "safely and accurately evaluate cryptocurrency industry-specific portfolios and manage price risk for various blockchain-based projects," he added.

Prices for the new benchmark are provided by a number of cryptocurrency exchanges, including Coinbase Global (COIN), Bitstamp, Gemini and Kraken.

Despite the entrenched market downturn, the Chicago Mercantile Exchange (CME) has continued to expand its offering of cryptocurrency-related products. In September, the ethereum futures exchange (ETH-USD) introduced options ahead of its blockchain merger.