CME Group and CF Benchmarks are planning to launch two new, non-tradable, euro-denominated reference rates and real-time indices for bitcoin and ether, which will be calculated and published daily by CF Benchmarks, beginning 6 June.
Each reference rate will provide the euro price for each of the digital asset pairs, published once-a-day at 4pm London time, while each respective real-time index will be published once per second, 24 hours a day, 365 days per year. The indices are: the CME CF Bitcoin-Euro Reference Rate; CME CF Bitcoin-Euro Real-Time Index; CME CF Ether-Euro Reference Rate; and CME CF Ether-Euro Real-Time Index.
These new reference rates and real-time indices will follow the same methodology and complement the existing US dollar-based CME CF Bitcoin Reference Rate and CME CF Ether-Dollar Reference Rate, which will continue to serve as the benchmark rates for settlement of all CME Group cryptocurrency products. Bitstamp, Coinbase, Kraken and LMAX Digital will provide pricing data for these new benchmarks.
