The Chicago Mercantile Exchange ("CME") will publish two new benchmark reference rates: CME CF Bitcoin Reference Rate New York (BRRNY) and CME CF Ether-Dollar Reference Rate New York (ETHUSD_NY). Beginning February 28, 2022, CME will provide the daily benchmark price for bitcoin and ether in U.S. dollars.
The two new digital asset reference rates will be published at 4:00 p.m. New York time. The new rates will "complement" existing CME CF Bitcoin Reference Rate (BRR) and CME CF-Ether Dollar Reference Rate (ETHUSD_RR) currently published at 4:00 p.m. London time. CME stated that the existing rates will continue to be used as the benchmark rates for settlement of all CME Group Bitcoin- and Ether- related futures.
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