The new indices prepared for Arbitrum, Ondo, Near and Sui will be broadcast on June 2. With this move, CME sets up a price reference network covering 96 %of the crypto market.

The world’s largest derivative market operator, CME Group (NASDAQ: CME) and crypto asset index provider CF Benchmarks, Arbitrum (ARB), Onddo (Ondo), Near and SUİ (water) announced that they will launch new reference prices and instant price indices.

These new indices are not only for pricing and data reference purposes.

🧮 Which data will be published?

Reference Price (Reference Rate):

1 times daily

Time: 16:00 (London time)

For Ondo and Sue also 16:00 (New York Clock)

Real-Time Index (Real-Time Index):

Every second is updated

7/24/365

Offers price in US dollars

📊 Scope and Infrastructure of the Index

The number of cryptos that CME offered references with 4 new assets has reached 28.

This includes 96 %of the investment crypto market.

The index data is taken from the following stock exchanges:

Coinbase, Kraken, Bitstamp, Crypto.com, Gemini, LMAX Digital, Bullish, ITBIT

“Investors need transparent and reliable data resources to evaluate their portfolios.”

• Giovanni Vicioso, Head of CME Crypto Products

🏛️ Corporate trust and harmony

CF Benchmarks CEO Sui Chung said that this development is more accepted as crypto beings in the corporate field.

These indices are based on the BRR (Bitcoin Reference Rate) methodology, which is the basis for CME’s previously developed products for Bitcoin and over $ 100 billion.

📈 Why is it important?

This step will provide a clear reference of developing projects such as arbitrum, Near, Sui and Ondo to corporate investors.

Thus, these assets will have earned price data at a clarity that can be included in corporate portfolios.