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Cryptocurrencies: 29065
Markets: 113618
Market Cap: $2,172,652,796,943     
24h Vol: $86,784,460,192
Seeking Alpha 2023-01-05 21:25:29

CME to launch three metaverse benchmarks for axie infinity, chiliz, decentraland

CME to launch three metaverse benchmarks for axie infinity, chiliz, decentraland
CME Group ( NASDAQ: CME ) said Thursday it plans to expand its suite of non-tradable cryptocurrency-focused reference rates and real-time indices to include three new metaverse tokens: axie infinity ( AXS-USD ), chiliz ( CHZ-USD ) and decentraland ( MANA-USD ). The new reference rates and indices will provide the U.S. dollar price of each digital asset and will be calculated and published daily by CF Benchmarks, a provider of crypto benchmark indices. The move comes as CME ( CME ) seeks to boost price transparency and accuracy across crypto products, allowing market participants to "price sector-specific portfolios, develop structured products with greater confidence and manage price risk around various Metaverse-based projects," said Giovanni Vicioso, global head of Cryptocurrency Products at CME. In December, CME and CF Benchmarks to roll out three more crypto benchmarks .
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