CME Group launches bitcoin reference rate and real-time index
CME has launched Bitcoin Reference Rate (BRR) and Bitcoin Real Time Index (BRTI) in the production environment on Simple Binary Encoding market data feed. Pricing data is provided by several bitcoin exchanges and trading platforms, including Bitfinex, Bitstamp, GDAX, itBit, Kraken and OKCoin.com (HK). The BRR aggregates major bitcoin spot exchanges into a once-a-day reference rate of the US dollar price of bitcoin. The BRTI combines demand to buy and sell bitcoin into a consolidated order book.

View prices on the suite of CME CF Cryptocurrency benchmarks, covering some of the most rapidly growing markets. These offerings are designed to help facilitate price discovery and accelerate the professionalization of cryptocurrency trading.

Reference rates are published at 4:00 p.m. London time. Bitcoin and Ether rates are also published at 4:00 p.m. New York time. Cryptocurrency futures and options are cash-settled to the 4:00 p.m. London time reference rates.

