CME Group (CME) and cryptocurrency benchmark firm CF Benchmarks said Thursday they plan to launch four new cryptocurrency reference rates and real-time indices for Arbitrum, Ondo, NEAR, and Sui on June 2.
The new benchmarks will use pricing data from at least two of the current constituent exchanges for the CME CF Benchmark suite of reference rates and real-time indices, the companies said in a statement.
The new reference rates will provide the US dollar price of each digital asset, published daily at 4 p.m. London time, while each respective real-time index will be published once per second, 24 hours a day, 365 days per year. Reference rates for Ondo and Sui will also be published daily at 4 p.m. New York time, according to the statement.
The reference rates and indices are not tradable futures products, the companies said.
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