CME Group, the world’s largest futures exchange, has launched a pair of indexes to track bitcoin’s price, a move that could boost bitcoin’s visibility in the futures market.
The newly-introduced CME CF Bitcoin Reference Rate (BRR) and the CME CF Bitcoin Real Time Index (BRTI) are a standardized reference rate and a spot price index, respectively. The indexes are expected to drive the professionalization of bitcoin trading and further establish digital assets as a new asset class, CME noted on its website.
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