CME Group to Launch Bitcoin and Ethereum APAC Reference Charges on September 11

Derivatives market CME Group and cryptocurrency benchmark supplier CF Benchmarks plan to launch two new Asia-Pacific-specific reference charges.

CME CF Bitcoin Asia Pacific Reference Price (BRRAP) and CME CF Ethereum Greenback Asia Pacific Reference Price (ETHUSD_AP).

A every day reference fee might be offered for the USD costs of the 2 digital belongings.

Giovanni Viciioso, World Head of Cryptocurrency Merchandise at CME Group, mentioned: “These new reference charges are designed to satisfy the altering wants of world gamers within the rising digital asset house. 37% of CME Group’s cryptocurrencies Whole transaction quantity was performed in non-US markets, with 11% of transactions coming from the Asia-Pacific area.”