According to Odaily, CME and CF Benchmarks are set to launch new cryptocurrency reference rates and real-time indices on July 29. Giovanni Vicioso, the head of CME's crypto products, stated that these new benchmarks aim to provide clear and transparent pricing data for a wide range of market participants. This will enable them to more accurately assess their investment portfolios or create structured products.
Based on their 24 CME CF reference rates and real-time index suite, they will provide pricing data for over 93% of investable assets in the cryptocurrency market capitalization. This is intended to assist clients worldwide in better managing their risks. The move is seen as a significant step towards enhancing transparency and accuracy in the rapidly evolving digital asset market.