CME Launches New Crypto Index Excluding Bitcoin and Ether

CME Group has introduced two new multi-asset cryptocurrency benchmarks, expanding its offerings for institutional and professional investors. The more distinctive of the two, the CME CF Emerging Crypto Index, is designed to measure large crypto assets excluding Bitcoin and Ether. This index is market-cap weighted based on free-float data and features real-time pricing. It also offers settlement variants for London, New York, and Asia-Pacific markets, catering to a global trading audience.

The new indices aim to provide a broader view of the crypto market beyond the dominant Bitcoin and Ether, highlighting emerging assets and trends. The CME CF Emerging Crypto Index is expected to serve as a benchmark for investment products and risk management strategies focused on alternative cryptocurrencies.

This development reflects CME Group's ongoing efforts to expand its crypto derivatives and indices, supporting increased institutional participation and market transparency. The launch of these benchmarks may influence trading strategies and the development of new financial products based on a diversified set of crypto assets.