CryptoCurrency

CME Group, CF Benchmarks to Launch Metaverse Indices

hree New Metaverse Reference Fees from CME Group and CF Benchmarks to Go Live on January 30
CME Group, a derivatives exchange operator, and CF Benchmarks, a provider of cryptocurrency benchmark indices, have announced the release of three new Metaverse reference costs and real-time indices on January 30. For tokens associated with the Axie Infinity (AXS), Chiliz (CHZ), and Decentraland (MANA) Metaverse-based platforms, CF Benchmarks will generate and publish “”correct and resilient pricing data on a daily basis.

Companies have announced that the benchmarks will be released as non-tradable futures products. They announced that “”each of the new Axie Infinity, Chiliz, and Decentraland benchmarks will be calculated with pricing data from a minimum of two of these exchanges — Bitstamp, Coinbase, Gemini, itBit, Kraken, and LMAX Digital. The standards will be verified on a regular basis by experts and built on strong methodology.”

The firms also emphasised that the USD worth of each digital asset will be provided by each benchmark. Each index will be updated continuously, and prices will be “”released once-a-day at 4 pm London time,”” according to CME Group and CF Benchmark.

CME Group Global Head of Cryptocurrency Products Giovanni Vicioso recently commented on the continuous interest in Metaverse projects within the cryptocurrency industry. Vicioso elaborated, “”with improved price transparency across more cryptocurrency goods, market participants will be able to evaluate sector-specific portfolios, construct structured products with greater certainty, and manage price risk around diverse Metaverse-based initiatives.

Furthermore, Sui Chung, the CEO of CF Benchmarks, expressed delight at being able to give investors with exposure to all forms of digital assets through strong benchmarking criteria. Chung elaborated, These standards will give reliable and resilient pricing data for tokens tied to the Metaverse, an intriguing new branch of crypto where properties and communities can exist entirely within a digital environment.”

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