CME Group and CF Benchmarks to Launch Two New Crypto Reference Rates and Real-Time Indices

CME Group and CF Benchmarks, a provider of cryptocurrency benchmark indices, today announced plans to launch two new cryptocurrency reference rates and real-time indices, XRP and ICP, starting July 29. Calculated and published daily by CF Benchmarks, the new benchmarks will leverage pricing data from cryptocurrency exchanges and trading platforms that are currently part of the CME CF Benchmarks suite of reference rates and real-time indices. Each new benchmark will be calculated using pricing data from at least two exchanges, including Bitstamp, Coinbase, Gemini, itBit, Kraken and LMAX Digital.