CME Group and CF Benchmarks collaborated to achieve the initiative.
The platforms to be covered are Axie Infinity, Chiliz and Decentraland.
The derivatives marketplace operator, CME
Group, and cryptocurrency benchmark indices provider, CF Benchmarks, will
launch three new Metaverse reference rates and real-time indices on January 30,
the firms announced on Thursday.
The benchmarks, which will be
calculated and published daily by CF Benchmarks, will provide “accurate and
resilient pricing data” for tokens linked to the Axie Infinity (AXS), Chiliz
(CHZ) and Decentraland (MANA) Metaverse-based platforms. The benchmarks will be
published as non-tradable futures products, the firms stated.
“Each of the new Axie Infinity, Chiliz,
and Decentraland benchmarks will be calculated with pricing data from a minimum
of two of these exchanges – Bitstamp, Coinbase, Gemini, itBit, Kraken, and LMAX
Digital,” the firms disclosed in a statement, adding that the benchmarks will be
based on “robust methodologies” and will be regularly vetted by experts.
In addition, the firms noted that each
benchmark will provide the US dollar price of each digital asset. These prices
will be “published once-a-day at 4 pm London time,” CME Group and CF
Benchmark said, noting that each index will be published
around-the-clock.
Check out this FMLS22 session on Metaverse and trading.
CME Group and CF Benchmark Aim for
‘Transparent, Regulated and Round-the-Clock Pricing’
Giovanni
Vicioso, CME's Group Global Head of Cryptocurrency Products, noted that the
cryptocurrency industry has continued to see increased interest in Metaverse
projects.
"With increased price transparency
across more cryptocurrency products, market participants will be able to price
sector-specific portfolios, develop structured products with greater confidence
and manage price risk around various Metaverse-based projects,” Vicioso
explained.
Also speaking, Sui Chung, the CEO of CF Benchmarks, expressed excitement at being able to provide investors with
exposure to all types of digital assets through high benchmarking standards.
"These benchmarks will provide
accurate and resilient pricing data for tokens linked to the Metaverse, an
exciting new scion of crypto where properties and communities can exist wholly
within a virtual realm," Chung added.
The derivatives marketplace operator, CME
Group, and cryptocurrency benchmark indices provider, CF Benchmarks, will
launch three new Metaverse reference rates and real-time indices on January 30,
the firms announced on Thursday.
The benchmarks, which will be
calculated and published daily by CF Benchmarks, will provide “accurate and
resilient pricing data” for tokens linked to the Axie Infinity (AXS), Chiliz
(CHZ) and Decentraland (MANA) Metaverse-based platforms. The benchmarks will be
published as non-tradable futures products, the firms stated.
“Each of the new Axie Infinity, Chiliz,
and Decentraland benchmarks will be calculated with pricing data from a minimum
of two of these exchanges – Bitstamp, Coinbase, Gemini, itBit, Kraken, and LMAX
Digital,” the firms disclosed in a statement, adding that the benchmarks will be
based on “robust methodologies” and will be regularly vetted by experts.
In addition, the firms noted that each
benchmark will provide the US dollar price of each digital asset. These prices
will be “published once-a-day at 4 pm London time,” CME Group and CF
Benchmark said, noting that each index will be published
around-the-clock.
Check out this FMLS22 session on Metaverse and trading.
CME Group and CF Benchmark Aim for
‘Transparent, Regulated and Round-the-Clock Pricing’
Giovanni
Vicioso, CME's Group Global Head of Cryptocurrency Products, noted that the
cryptocurrency industry has continued to see increased interest in Metaverse
projects.
"With increased price transparency
across more cryptocurrency products, market participants will be able to price
sector-specific portfolios, develop structured products with greater confidence
and manage price risk around various Metaverse-based projects,” Vicioso
explained.
Also speaking, Sui Chung, the CEO of CF Benchmarks, expressed excitement at being able to provide investors with
exposure to all types of digital assets through high benchmarking standards.
"These benchmarks will provide
accurate and resilient pricing data for tokens linked to the Metaverse, an
exciting new scion of crypto where properties and communities can exist wholly
within a virtual realm," Chung added.
Solomon Oladipupo is a journalist and editor from Nigeria that covers the tech, FX, fintech and cryptocurrency industries. He is a former assistant editor at AgroNigeria Magazine where he covered the agribusiness industry. Solomon holds a first-class degree in Journalism & Mass Communication from the University of Lagos where he graduated top of his class.
Bitget's Bitcoin Reserve Ratio Soars Over 300% Following Halving
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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