ββ#ForexChief #StockIndices #CMEGroup #MetaUniverses #forexnews #Bitstamp #Fed #worldnews #Market #stock #Coinbase #Gemini #itBit #Kraken #LMAXDigitalβ
π Stock indices on MetaUniverses: the virtual world becomes more transparentβ
π CME Group announced the launch of indexes for the Metaverse on January 30th. Together with UK-based cryptocurrency index provider CF Benchmarks, the exchange will publish daily reference rates and indices on Axie Infinity (AXS), Chiliz (CHZ) and Decentraland (MANA).
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CME Group remains the most loyal to crypto assets regulated exchange. In 2017, CME was the first to launch trading in bitcoin futures in early 2020 it opened trading in bitcoin options and at the end of the same year launched trading in futures on Ethereum. Metaverse tokens became popular in 2021 when thousands of projects moved to the creation of virtual worlds, and CME analysts are confident that these assets have already acquired the properties of regular exchange instruments.
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The data of the new indices will be calculated based on the price flow of major crypto platforms
Bitstamp, Coinbase, Gemini, itBit, Kraken and LMAX Digital. The list of quote providers may be adjusted when new crypto exchanges with a consistently high capitalization appear.
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The new indices are not considered trading assets but are used as an analytical tool to determine relevant prices for crypto portfolios and manage price risks for projects from the Metaverse sphere. This will allow investors to more reliably control the price by methods typical of traditional finance.
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Asset reference rates will be calculated in USD and updated every day at 16:00 GMT. All indexes will be updated in real-time around the clock once per second. New tools will be available to everyone and for free (at least for now), so let's learn and use them.
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Profits to yβall!