CME Group and CF Benchmarks Set to Launch New Cryptocurrency Pricing Products!
Fx News Group•21 hours ago•
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CME Group and CF Benchmarks Set to Launch New Cryptocurrency Pricing Products!

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Summary:

  • CME Group and CF Benchmarks launching new cryptocurrency pricing products on April 14.

  • New indices include Litecoin, Solana, Cardano, Chainlink, and XRP reference rates.

  • Pricing data available via CME CF Cryptocurrency Pricing Market Data feed and CME DataMine.

  • Indices will not be used for contract settlements.

  • Testing for new indices begins on April 7 without certification required.

Effective Monday, April 14, shortly after 10 a.m. London time, CME Group and CF Benchmarks will introduce additional cryptocurrency pricing products designed to offer clients transparent, robust, and reliable reference rates.

CME Group Office

The pricing data will be accessible through the CME CF Cryptocurrency Pricing Market Data feed on channel 213 and through CME DataMine. The feed will include the following new indices:

  • CME CF Litecoin-Dollar Reference Rate – New York Variant (LTCUSD_NY), published shortly after 4 p.m. Eastern Time (ET) daily, including weekends and bank holidays.
  • CME CF Litecoin-Dollar Reference Rate – Hong Kong Variant (LTCUSD_AP), published shortly after 4 p.m. Hong Kong/Singapore time daily, including weekends and bank holidays.
  • CME CF Solana-Dollar Reference Rate – Hong Kong Variant (SOLUSD_AP), published shortly after 4 p.m. Hong Kong/Singapore time daily.
  • CME CF Cardano-Dollar Reference Rate – Hong Kong Variant (ADAUSD_AP), published shortly after 4 p.m. Hong Kong/Singapore time daily.
  • CME CF Chainlink-Dollar Reference Rate – Hong Kong Variant (LINKUSD_AP), published shortly after 4 p.m. Hong Kong/Singapore time daily.
  • CME CF XRP-Dollar Reference Rate – Hong Kong Variant (XRPUSD_AP), published shortly after 4 p.m. Hong Kong/Singapore time daily.

It is important to note that these indices will not be utilized for the settlement of any contracts. The new cryptocurrency indices will be available for testing in New Release on Monday, April 7, and certification is not required.

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