CME Group (NASDAQ: CME), the world’s largest derivatives marketplace, and CF Benchmarks, a leading cryptocurrency index provider, have announced the expansion of their crypto benchmark suite with the addition of four new reference rates and real-time indices. The new benchmarks will cover Arbitrum (ARB), Ondo (ONDO), NEAR Protocol (NEAR), and Sui (SUI), offering transparent pricing tools for an increasingly diverse digital asset market.
The new indices are intended to provide reliable pricing data, but are not tradable futures products.
“These new benchmarks are designed to deliver clear and transparent pricing for market participants, helping them more accurately value crypto portfolios or build structured financial products,” said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group. “With these additions, our CME CF Reference Rates and Real-Time Indices now span 28 cryptocurrencies, representing over 96% of the investible crypto market cap.”
The pricing benchmarks will rely on aggregated data from at least two of the constituent exchanges already used in CME CF’s benchmark suite, including Bitstamp, Bullish, Coinbase, Crypto.com, Gemini, itBit, Kraken, and LMAX Digital.
Sui Chung, CEO of CF Benchmarks, emphasized the importance of institutional-grade benchmarks as the crypto landscape matures. “As more digital assets become investible, institutions need trusted benchmarks that meet the rigorous standards of traditional finance,” Chung said. “Adding Arbitrum, Ondo, NEAR, and Sui to our CME CF Single Asset Series ensures participants can interact with these tokens using indices governed by the same robust methodologies that underpin benchmarks like the Bitcoin Reference Rate (BRR), which support more than $100 billion in regulated crypto products.”
Each reference rate will publish the U.S. dollar value of its respective token once daily at 4 p.m. London time, while real-time indices will be updated every second around the clock. Additionally, reference rates for Ondo and Sui will also be published at 4 p.m. New York time to align with U.S. trading hours.
The expansion highlights growing institutional demand for structured, transparent tools to engage with emerging crypto assets and reflects a broader trend toward the mainstream adoption of digital finance.
Related Topics:
