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CME Group to launch three metaverse indices

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CME Group to launch three metaverse indices

Source: news.google.com

The data will come from exchanges like Bitstamp, Coinbase, Gemini, and Kraken.

The CME Group, the world’s leading derivatives exchange, announced the launch of metaverse indices effective January 30. Together with UK cryptocurrency benchmark provider CF Benchmarks, it will publish daily benchmark rates and indices on the following: Axie Infinity (AXS), Chiliz (CHZ) and Decentraland (MANA).

Each of the new benchmarks from Axie Infinity, Chiliz, and Decentraland will be calculated using price data from a minimum of two of these exchanges: Bitstamp, Coinbase, Gemini, itBit, Kraken, and LMAX Digital.

The upcoming indices will not be tradable futures products, but will be used by market participants “to price sector-specific portfolios, develop structured products with…

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