Derivatives marketplace CME Group and cryptocurrency benchmark indices provider CF Benchmarks are planning to launch three new cryptocurrency reference rates and real-time indices beginning October 31.
These reference rates and indices are Avalanche (AVAX), Filecoin (FIL) and Tezos (XTZ). They will be calculated and published daily by CF Benchmarks and are not tradable futures products.
"Together with bitcoin, ether and other available cryptocurrencies, CME CF Reference Rates and Real-Time Indices will capture more than 92% of the investable cryptocurrency market capitalization," said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products.
Vicioso said that with these new benchmarks, traders, institutions and other users can access a much broader range of cryptocurrencies through a suite of products they are already familiar with.
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