CME Group and Crypto Facilities Ltd will provide Ether to USD benchmark and performance index information on their cryptocurrency platforms, allowing users to monitor the price of Ether in real time.
The index and rate will be calculated by Crypto Facilities based on transactions and order books of two major cryptocurrency exchanges - Kraken and Bitstamp. The rate and index can now be checked on the CME Group and Crypto Facilities websites, and starting June 4, 2018, the relevant information will be available on the CME Group market data platform.
“Information is designed to meet market needs. Our main goal is to ensure transparency and reliability of the price source,” said Tim McCourt, managing director of CME Group.
“Ether has grown significantlyin value in 2017, becoming the leading blockchain for smart contracts,” says Dr. Timo Schlafer, CEO of Crypto Facilities. “We are pleased to invest in the Ethereum community by providing insight into Ether's price and performance."
Additional responsibilities for overseeing the new reference course will be taken on by a Bitcoin Oversight Committee consisting of specialists from CME Group, Crypto Facilities and leading industry experts. The committee will regularly review methodology, practices and standards of information delivery to ensure the integrity of the reference course.
According to https://www.scrapregister.com
You May Also Like
Snoop Dogg releases NFT on SuperRare platform
On Monday, SuperRare released the “Decentralized Dogg” NFT, created by Snoop Dogg in collaboration with digital artist Coldie.
YouGov Poll: 27% of US Residents Want Bitcoin as Legal Tender
The results of a survey by the analytical company YouGov showed that 27% of US residents support the legalization of Bitcoin as a means of payment.
