Bomb News For These 3 Metaverse Coins From The Giant Company!


These 3 metaverse coins will be represented in CME’s new benchmark rates and real-time indices.

Market has its plans for 3 metaverse coins

CME Group plans to launch benchmark rates and real-time indices for three metaverse crypto assets that will allow investors to more reliably track pricing data using a methodology commonly used in traditional finance. Starting January 30, CME Group and CF Benchmarks will launch benchmark rates for Axie Infinity Shards, Chiliz and Decentraland’s MANA, which the company announced on January 5. Giovanni Vicioso, head of cryptocurrency products at CME Group, said that benchmark rates and indices are not tradable products, but can instead be used by investors to “price industry-specific portfolios, develop structured products […] and manage price risk around various Metaverse-based projects.” Reference rates and real-time indices for AXS, CHZ, and MANA will be calculated using pricing data from at least two crypto exchanges, including Bitstamp, Coinbase, Kraken, itBit, and LMAX Digital. The reference rates of the assets will be priced in US dollars and will be published daily at 16:00 GMT. Every real-time index will be published every second of every day.

The largest of the aforementioned metaverse games, Chiliz currently has a market cap of $742.1 million according to CoinMarketCap. However, AXS is valued at $686.5 million while MANA is valued at roughly $597.2 million. CME Group has been active in the crypto scene by launching micro-size Bitcoin and Ether options last year. The derivatives market has also launched euro-denominated BTC and ETH options for institutional investors outside the United States.

The company has previously launched BTC and ETH futures.

Derivatives marketplace Chicago Mercantile Exchange (CME) Group has launched trading for Bitcoin euro and Ether euro futures contracts. In their announcement, CME Group said it has launched contracts for Euro-denominated Bitcoin and Ether futures in the size of 5 BTC and 50 ETH per contract. Both contracts will be listed on the CME as cash-settled and will be based on the CME CF Bitcoin-Euro Reference Rate and the CME CF Ether-Euro Reference Rate, respectively. First announced on August 4, the euro-denominated ETH futures represent investment vehicles launched before the Merger, where the Ethereum blockchain transitioned to Proof-of-Stake, which is expected to take place between September 10 and September 20. It also represents 28% of all BTC and ETH futures contracts from countries in Europe, the Middle East and Africa. As we mentioned earlier, CME Group launched the first BTC futures contract in December 2017. It then launched an ETH futures contract in February 2021. In 2022, the derivatives exchange expanded its crypto investment vehicles offering to include micro BTC and ETH futures. The launch of the euro-denominated BTC and ETH futures took place as the euro remained at par with the US dollar.


Please enter your comment!
Please enter your name here