Home Metaverse CME Group to release 3 metaverse benchmark rates

CME Group to release 3 metaverse benchmark rates

0
CME Group to release 3 metaverse benchmark rates

Source: news.google.com

Derivatives exchange CME Group plans to launch real-time benchmark rates and indices for three metaverse crypto assets, allowing investors to track price data more reliably using a methodology commonly used in traditional finance.

Starting Jan. 30, CME Group and CF Benchmarks will release benchmark rates for Axie Infinity (AXS), Chiliz (CHZ) and Decentraland (MANA), the company announced Jan. 5. Benchmark rates and indices are not tradable products but can be used by investors to “price sector-specific portfolios, develop structured products… and manage price risk around various Metaverse-based projects.” said Giovanni Vicioso, head of cryptocurrency products at CME Group.

Reference rates and real-time indices for AXS, CHZ and MANA will be…

Read More at news.google.com