On Monday, December 30, at 0600 Coordinated Universal Time (UTC), Bullish Exchange market data will be included in the CME CF Bitcoin Reference Rates (BRR, BRRNY, BRRAP) and Real-Time Index (BRTI).
The CME CF Reference Rates are used to settle CME Group Cryptocurrency futures. Cryptocurrency index provider CF Benchmarks is the Administrator for the CME CF Cryptocurrency Indices.
Effective December 30th, 2024, Bullish Exchange will begin contributing market data to the CME CF Bitcoin Reference Rate (BRR), CME CF Bitcoin Reference Rate – New York Variant (BRRNY), the CME CF Bitcoin Reference Rate – Asia Pacific Variant (BRRAP) and the CME CF Bitcoin Real Time Index (BRTI).
“Adding Bullish Exchange as a constituent exchange will further improve the representativeness and integrity of CF Benchmarks’ bitcoin benchmarks,” said Sui Chung, CEO of CF Benchmarks. “The approval of the spot bitcoin ETFs in both the US and Hong Kong has led to a sizable increase in the AuR of CF Benchmarks. We look forward to continue providing the robust and high integrity benchmarks that investors have come to rely on.”
“The CME CF Bitcoin Reference Rate has been providing transparent, regulated bitcoin pricing to the crypto marketplace for nearly a decade,” said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. “Since the introduction of the first Bitcoin futures contract from CME Group in 2017, through the advent of today’s spot Bitcoin ETFs, our suite of bitcoin reference rates and real-time indices have helped to create a highly liquid, trusted market. We welcome the addition of Bullish Exchange as a spot price data provider and look forward to providing investors with the risk management tools they need to navigate the ever-evolving crypto market.”
