Why Metaverse Move By CME Derivatives Trading Giant is Good News For Fight Out

cryptonews.com:

With the introduction of CME Group's reference rates and real-time indexes for three metaverse crypto assets, investors will be able to keep better tabs on pricing data using a technique that is more familiar to the world of traditional finance.

It will let investors track price data more accurately by using a method created by CME Group, a marketplace for derivatives, to set reference rates and real-time indexes used in traditional finance.

CME Group, the largest derivatives marketplace, and CF Benchmarks, the leading cryptocurrency benchmark indices provider, announced three new Metaverse reference rates and real-time indices on January 4. CF Benchmarks will calculate and publish these indices daily starting January 30. 

The CME CF Benchmark family of reference rates and real-time indices uses pricing data from the top cryptocurrency exchanges and trading platforms for these new Metaverse benchmarks. Reference pricing for Decentraland's MANA, Chiliz, and Axie Infinity (AXS) Shards was announced. 

At least two cryptocurrency exchanges, including Bitstamp, Coinbase, Kraken, itBit, and LMAX Digital, will provide pricing data for AXS, CHZ, and MANA reference rates and real-time indexes. Daily asset reference rates in US dollars will be released at 4:00 PM GMT and It will also publish the real-time index every second.

CME CF Reference Rates and Real-Time Indices are based on a robust methodology that is subject to expert review on a regular basis. It intends to address the growing demand for transparent, regulated, and 24-hour pricing. CME Group will add three more Metaverse tokens to its collection of regulated, non-tradable Cryptocurrency Reference Rates and Real-Time Indices in collaboration with CF Benchmarks.

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