The derivatives marketplace operator, CMEGroup, and cryptocurrency benchmark indices provider, CF Benchmarks, willlaunch three new Metaverse reference rates and real-time indices on January 30,the firms announced on Thursday.
The benchmarks, which will becalculated and published daily by CF Benchmarks, will provide “accurate andresilient pricing data” for tokens linked to the Axie Infinity (AXS), Chiliz(CHZ) and Decentraland (MANA) Metaverse-based platforms. The benchmarks will bepublished as non-tradable futures products, the firms stated.
metaverse
“Each of the new Axie Infinity, Chiliz,and Decentraland benchmarks will be calculated with pricing data from a minimumof two of these exchanges – Bitstamp, Coinbase, Gemini, itBit, Kraken, and LMAXDigital,” the firms disclosed in a statement, adding that the benchmarks will bebased on “robust methodologies” and will be regularly vetted by experts.
In addition, the firms noted that eachbenchmark will provide the US dollar price of each digital asset. These priceswill be “published once-a-day at 4 pm London time,” CME Group and CFBenchmark said, noting that each index will be publishedaround-the-clock.
Check out this FMLS22 session on Metaverse and trading.
GiovanniVicioso, CME’s Group Global Head of Cryptocurrency Products, noted that thecryptocurrency industry has continued to see increased interest in Metaverseprojects.
“With increased price transparencyacross more cryptocurrency products, market participants will be able to pricesector-specific portfolios, develop structured products with greater confidenceand manage price risk around various Metaverse-based projects,” Viciosoexplained.
Also speaking, Sui Chung, the CEO of CF Benchmarks, expressed excitement at being able to provide investors withexposure to all types of digital assets through high benchmarking standards.
“These benchmarks will provideaccurate and resilient pricing data for tokens linked to the Metaverse, anexciting new scion of crypto where properties and communities can exist whollywithin a virtual realm,” Chung added.
The derivatives marketplace operator, CMEGroup, and cryptocurrency benchmark indices provider, CF Benchmarks, willlaunch three new Metaverse reference rates and real-time indices on January 30,the firms announced on Thursday.
The benchmarks, which will becalculated and published daily by CF Benchmarks, will provide “accurate andresilient pricing data” for tokens linked to the Axie Infinity (AXS), Chiliz(CHZ) and Decentraland (MANA) Metaverse-based platforms. The benchmarks will bepublished as non-tradable futures products, the firms stated.
metaverse
“Each of the new Axie Infinity, Chiliz,and Decentraland benchmarks will be calculated with pricing data from a minimumof two of these exchanges – Bitstamp, Coinbase, Gemini, itBit, Kraken, and LMAXDigital,” the firms disclosed in a statement, adding that the benchmarks will bebased on “robust methodologies” and will be regularly vetted by experts.
In addition, the firms noted that eachbenchmark will provide the US dollar price of each digital asset. These priceswill be “published once-a-day at 4 pm London time,” CME Group and CFBenchmark said, noting that each index will be publishedaround-the-clock.
Check out this FMLS22 session on Metaverse and trading.
GiovanniVicioso, CME’s Group Global Head of Cryptocurrency Products, noted that thecryptocurrency industry has continued to see increased interest in Metaverseprojects.
“With increased price transparencyacross more cryptocurrency products, market participants will be able to pricesector-specific portfolios, develop structured products with greater confidenceand manage price risk around various Metaverse-based projects,” Viciosoexplained.
Also speaking, Sui Chung, the CEO of CF Benchmarks, expressed excitement at being able to provide investors withexposure to all types of digital assets through high benchmarking standards.
“These benchmarks will provideaccurate and resilient pricing data for tokens linked to the Metaverse, anexciting new scion of crypto where properties and communities can exist whollywithin a virtual realm,” Chung added.
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