Cryptocurrency

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<ul>
 <li>CME Group launches XRP and ICP indices, boosting institutional trust and transparency in cryptocurrency pricing.</li>
 <li>Ripple CEO Garlinghouse emphasizes the importance of CME’s reliable benchmarks for enhancing digital asset market transparency.</li>
 <li>XRP’s inclusion on CME follows key legal rulings, strengthening its position in the institutional finance sector.</li>
</ul>
<p>The Chicago Mercantile Exchange (CME) Group, the world’s leading derivatives marketplace, has <a href="https://cryptonewsland.com/cme-group-eyes-mainstream-crypto-adoption-with-bitcoin-trading-and-futures-options-creating-next-wall-street-frontier/" rel="noopener noreferrer nofollow">officially listed</a> Ripple (XRP) and Internet Computer (ICP) on its platform. This initiative, effective from July 29, allows institutional investors to access reliable pricing through new reference rates and real-time indices for these cryptocurrencies.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr">BOOOOOOOOOOOOOOOOOOM!!!<a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> is now officially listed on the Chicago Mercantile Exchange (CME), the world's leading derivatives marketplace! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/QHIyHFQKGE" rel="noopener noreferrer nofollow">pic.twitter.com/QHIyHFQKGE</a></p>— JackTheRippler © (@RippleXrpie) <a href="https://twitter.com/RippleXrpie/status/1817954804968136860?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 29, 2024</a>
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<h3 class="wp-block-heading" id="h-new-cryptocurrency-benchmarks"><strong>New Cryptocurrency Benchmarks</strong></h3>
<p>On July 11th, CME Group, in collaboration with CF Benchmarks, announced the launch of two new cryptocurrency reference rates and real-time indices for XRP and ICP that would be listed on July 29th. These indices aim to provide transparent pricing and trustworthy benchmarks, expanding CME’s existing Bitcoin product line.</p>
<p>Ripple CEO Brad Garlinghouse <a href="https://x.com/bgarlinghouse/status/1811493403160641820" rel="noopener noreferrer nofollow">welcomed</a> the inclusion of XRP on the CME platform, highlighting the importance of reliable benchmark prices for institutional investors. He believes that this initiative will enhance institutional trust in digital assets and improve market transparency.</p>
<h3 class="wp-block-heading" id="h-regulatory-context-and-legal-challenges"><strong>Regulatory Context and Legal Challenges</strong></h3>
<p>The timing of CME Group’s announcement coincides with Ripple’s ongoing legal battles. Ripple’s CEO and Chief Legal Officer, Stuart Alderoty, have <a href="https://x.com/bgarlinghouse/status/1811873454054080836" rel="noopener noreferrer nofollow">emphasized recent court rulings</a>, such as Judge Torres’ Summary Judgment in the SEC v. Ripple case, which classified XRP as a non-security. This ruling has been significant for both Ripple and the broader cryptocurrency market.</p>
<p>The inclusion of XRP benchmarks by CME Group is a forward step towards the institutional acceptance of cryptocurrencies. This move is expected to attract more interest and investment in digital assets, integrating them further into diversified investment portfolios.</p>
<h3 class="wp-block-heading" id="h-a-growing-trend-in-financial-markets"><strong>A Growing Trend in Financial Markets</strong></h3>
<p>CME Group’s introduction of transparent pricing for XRP and ICP reflects a broader tr...</p>
<p>The post <a href="https://cryptonewsland.com/xrp-and-icp-now-live-on-cme/" rel="noopener noreferrer nofollow">XRP and ICP Now Live on CME Group Enhancing Crypto Market Transparency</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

XRP and ICP Now Live on CME Group Enhancing Crypto Market Transparency

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