CME Group and UK-based digital asset trading service, Crypto Facilities Ltd, a world-leading cryptocurrency trading platform, made a statement that they would be launching two Ether indexes, namely Ether Reference Rate and Ether Real-Time Index.
The Ether-Dollar Reference Rate (Ether Reference Rate), which will provide a daily benchmark price in U.S. dollars at London time, and Ether-Dollar Real Time Index (Ether Real Time Index), which will allow users access to a real-time Ether price in U.S. dollars.
Both the Ether Reference Rate and Ether Real Time Index will be calculated by Crypto Facilities and will be based on transactions and order book activity from two major cryptocurrency exchanges: Kraken and Bitstamp. The reference rates are available today on CME Group and Crypto Facilities websites and will be distributed on the CME Group Market Data Platform beginning Timo Schlaefer, CEO of Crypto Facilities
“Ether, the second largest cryptocurrency, experienced incredible adoption and growth in 2017, evolving into the leading blockchain for smart contracts. We are excited to be contributing to the strong community that has developed around the Ethereum network by providing a reliable reference rate and real-time Ether-Dollar price.”
About Crypto Facilities
Crypto Facilities is a world-leading cryptocurrency trading platform for professionals, offering individuals and institutions regulated, transparent and secure trading 24/7/365. The firm is also a leading index provider, calculating and administering the CME CF Bitcoin Reference Rate (BRR) and Real Time Index (BRTI) powering the CME Group’s Bitcoin Futures. Founded in 2015 and headquartered in.