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
Bitcoin betting online from 1xBit
The well-known bookmaker company invites all fans of sports competitions to try their hand at betting in cryptocurrency. The company believes that due to losses in the market, gambling investors are now unable to make money from trading or mining, so it offers an alternative solution - try to make money on knowledge and intuition
An attraction of unprecedented generosity as an advertisement for Bitcoin
Wong Ching Kit, a 24-year-old Cretan millionaire known as Mr. Coin, made it rain dollars in one of the disadvantaged areas of Hong Kong. He managed to shower people with Hong Kong dollars from the roof of a high-rise building before the police arrived and he was detained for violating public order.
