Odaily Planet Daily News CME Group and cryptocurrency benchmark index provider CF Benchmarks plan to launch two new Asia-Pacific region-specific reference rates. The CME CF Bitcoin Regional Reference Rate for Asia Pacific (BRRAP) and the CME CF Ethereum USD Asia Pacific Reference Rate (ETHUSD_AP) will be launched on September 11, providing daily reference rates for Bitcoin and Ethereum USD prices, respectively.
Giovanni Viciioso, Global Head of Cryptocurrency Products at CME, said, “These new reference rates are designed to meet the changing needs of global participants in the growing digital asset space. 37% of CME Group’s total cryptocurrency trading volume is in non-U.S. markets , 11% of which came from the Asia-Pacific region." (PRNewswire)