Derivatives Exchange Giant CME Group Adds 11 New Cryptocurrency Reference Rates – Finance Bitcoin News

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CME Group plans to launch 11 new reference rates tied to specific crypto assets like MATIC, SOL, ADA, BCH, DOT, ATOM, UNI, LINK, ALGO XLM, LTC

Global markets company and Chicago-based derivatives exchange CME Group plans to launch 11 new reference rates tied to specific crypto assets. The reference rates and real-time indices bolstered by CF Benchmarks are typically leveraged by exchange-traded products and other investment vehicles.11 more cryptocurrencies to the firm’s existing bitcoin and ethereum reference rates.

“As the digital asset market continues to expand, there is an increasing demand for reliable, standardized cryptocurrency pricing information based on robust, regulated reference rates,” Tim McCourt, CME Group’s global head of equity and FX products said in a statement. McCourt added:

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Just do it plrase!!

I see $ALGO in that list 👀

Looks like May is going to be a good month

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