Derivatives Giant CME Sets Launch Date for Bitcoin Indexes
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The CME Group is launching two previously announced bitcoin price indexes next month.
The goal, CME said, is to give clients a reliable reference rate price source for “digital assets” or cryptographic assets that trade on a blockchain.
The benchmarks are being offered in partnership with UK-based Crypto Facilities. Announced in May, they will draw price data from bitcoin exchanges in Asia, Europe and North America.
CME has been testing the products since last month, and was expected to launch sometime in November. The move reflects a positive outlook on digital asset markets – something that CME executives have remarked on in past public appearances.
Via: http://www.coindesk.com/cme-launch-date-bitcoin-indexes/
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