Derivatives Marketplace CME Group Plans to Launch Reference Rates Focused on the Metaverse

CME Group, a derivatives marketplace, has recently announced that it plans to launch reference rates for three metaverse crypto assets. According to the announcement, these products will allow investors to track pricing in a reliable way through a methodology that is more commonly used in traditional finance. 

CME Group will launch together with CF Benchmarks reference rates for Axie Infinity Shards, Chiliz (CHZ) and Decentraland’s MANA on January 30.

According to the company, the reference rates and indexes cannot be traded. Giovanni Vicioso, CME Group’s head of cryptocurrency products, has said that investors can basically use them to “price sector-specific portfolios, develop structured products and manage price risk around various Metaverse-based projects.”

The products will be calculated using pricing data from at least two crypto exchanges.