Cryptocurrency

2024

Internet Computer

Brad Garlinghouse, CEO of Ripple, has voiced support for the Chicago Mercantile Exchange’s (CME) launch of new reference rates and real-time indices for Ripple’s XRP and Internet Computer (ICP), set to commence on July 29. 
This initiative aims to provide accurate portfolio valuation information crucial for institutional crypto products. 
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 👀First step towards institutional crypto products is to have a trusted benchmark reference rate. Nice to see <a href="https://twitter.com/CMEGroup?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@CMEGroup</a> and <a href="https://twitter.com/CFBenchmarks?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@CFBenchmarks</a> collaborate on this for an XRP index. The market has spoken. <a href="https://t.co/cKqqMLswdw" target="_blank">https://t.co/cKqqMLswdw</a>— Brad Garlinghouse (@bgarlinghouse) <a href="https://twitter.com/bgarlinghouse/status/1811493403160641820?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">July 11, 2024</a>
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Giovanni Vicioso, CME Group’s Global Head of Cryptocurrency Products, highlighted that these new indices are part of a broader effort to provide pricing data for over 93% of the cryptocurrency market capitalization.&nbsp; 
The benchmarks will extract pricing data from major exchanges such as Bitstamp, Coinbase, and Kraken. Daily reference rates reflecting the U.S. dollar price of each asset will be published at 4 p.m. London time, while real-time indices will be updated every second, ensuring continuous access to accurate and reliable data. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/06/01/ripple-ceo-brad-garlinghouse-criticizes-dogecoins-utility/" target="_blank" rel="noreferrer noopener">Ripple CEO Brad Garlinghouse Criticizes Dogecoin’s Utility</a> 
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Brad Garlinghouse Supports CME’s Launch of XRP and ICP Indices

The Crypto Times

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