CME Group and CF Benchmarks to Launch Two New Cryptocurrency Reference Rates and Real-Time Indices on July 29

CHICAGOand LONDON, July 11, 2024/PRNewswire/ -- CME Group, the world's leading derivatives marketplace, and CF Benchmarks, the leading provider of cryptocurrencybenchmark indices, today announced plans to launch two new cryptocurrencyreference rates and real-time indices for XRPand Internet Computer (ICP), which will be calculated and published daily by CF Benchmarks, beginning July 29.

These reference rates and indices are not tradable futures products.

"These new benchmarks are designed to provide clear and transparent pricing data to a broad range of market participants, allowing them to more accurately value portfolios or create structured products," said Giovanni Vicioso, CME Group Global Head of CryptocurrencyProducts. "With 24 cryptocurrenciesin our suite of CME CF References Rates and Real-Time Indices, we will provide pricing data across more than 93% of the investible cryptocurrencymarket capitalization, helping clients everywhere to better manage their risk."

As with all existing CME CF Benchmarks reference rates and real-time indices, these new benchmarks will utilize pricing data from those leading cryptoexchanges and trading platforms that are current constituent exchanges for the CME CF Benchmark suite of reference rates and real-time indices. Each of the new benchmarks will be calculated with pricing data from a minimum of two of these exchanges - Bitstamp, Coinbase, Gemini, itBit, Kraken, and LMAX Digital.

"CF Benchmarks is proud to continue to support the expansion and maturation of this asset class as clients start to spread their activity across a wider range of cryptocurrencies," said Sui Chung, CEO of CF Benchmarks. "These new reference rates and indices will be calculated and administered to the same exacting standards as the other benchmarks in the CME CF Single Asset Series, ensuring that clients continue to have the same level of confidence as they engage with these new assets."

Each of these new reference rates will provide the U.S. dollar price of each digital asset, published once-a-day at 4 p.m.Londontime, while each respective real-time index will be published once per second, 24 hours a day, 365 days per year.

For more information on these products, please visit www.cmegroup.com/cryptobenchmarks.

As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data - empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and ChicagoBoard of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners.

About CF Benchmarks

CF Benchmarks is the leading regulated cryptocurrencyindex provider. Authorized as a registered benchmark administrator under the UK Benchmarks Regulation (UK BMR). CF Benchmarks (FRN 847100) is on the FCA Benchmarks Register. Benchmark indices are provided through fully replicable public methodologies and transparent governance, for tracking, valuing and settling risk in cryptocurrencyproducts and services.

CF Benchmarks' indices are integrated into some of the largest regulated cryptoproducts by assets. This includes six out of the 11 spot bitcoinETFs in the US (IBIT, ARKB, EZBC, BITB, BRRR & BTCW) and 99% of the regulated cryptoderivatives market, including cryptoderivatives offered by CME Group. In total, over $40bnof assets are referenced to CF Benchmarks indices.

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