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CME Group (NASDAQ:CME) is working with CF Benchmarks, a supplier of cryptocurrency benchmark indices, once more to launch new reference charges and real-time indices for aave (AAVE-USD), curve (CRV-USD) and synthetix (SNX-USD), the businesses stated Thursday.
These decentralized finance (DeFi) reference charges and indices, which aren’t tradable futures merchandise, might be calculated and printed by CF Benchmarks beginning December 19.
The transfer is available in response to rising curiosity in DeFi initiatives and a rising want for clear, regulated and round the clock pricing. Recall in October when the businesses teamed as much as introduce reference charges and indices for avalanche (AVAX-USD), filecoin (FIL-USD) and tezos (XTZ-USD).
“These three new benchmarks, along with Uniswap launched earlier this yr, will seize greater than 40% of the overall worth locked in DeFi protocols on the Ethereum blockchain,” stated Giovanni Vicioso, international head of Cryptocurrency Merchandise at CME. The charges permit customers “to confidently and extra precisely worth cryptocurrency sector particular portfolios and handle value threat round varied blockchain-based initiatives,” he added.
Pricing for the brand new benchmarks might be supplied by a slew of crypto exchanges, together with Coinbase World (COIN), Bitstamp, Gemini and Kraken.
Regardless of a deeply ingrained market downturn, CME (CME) continues to increase its crypto-related product choices. In September, the derivatives trade launched ethereum (ETH-USD) choices forward of its blockchain Merge.
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