Friday, February 3, 2023
HomeUncategorizedNew reference rates for Solana, Cardano, Polygon and other altcoins added by...

New reference rates for Solana, Cardano, Polygon and other altcoins added by CME

Reference rates will be offered for 11 altcoins by CME, an essential step for crypto ETFs and derivatives.

Polkadot (DOT), Cardano (ADA), Solana (SOL), and several other popular altcoins will have reference rates and real-time indices by the end of the month—laying the groundwork for future ETFs and derivatives.

Chicago-based CME Group, owner of the same name derivatives exchange, teamed up with CF Benchmarks, a cryptocurrency index provider, to unveil the new rates on April 25.https://1b96f76ceff5d40ba23359be3911f0c7.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.htmlThe new reference rates will include index pricing for Algorand (ALGO), Bitcoin Cash (BCH), Cardano, Chainlink (LINK), Cosmos (ATOM), Litecoin (LTC), Polkadot, Polygon (MATIC), Solana, Stellar Lumens (XLM) and Uniswap (UNI).

Indexes and reference rates themselves are not tradable investments. Reference rates are price data for an asset, as the name implies. However, it is important to have that data available before offering products such as ETFs and futures contracts.

RELATED ARTICLES

Most Popular

Recent Comments