Endorsed by traditional finance – See the arrival of the three star signs from the last bull run inside the venerable institution that is Chicago Mercantile Exchange (CME) is a form of recognition for this sector that is sometimes mocked by the general public that is the metaverse. Chiliz, Decentraland and Axie Infinity will thus have the honors of traditional finance and join the long list of CME-referenced awards. After the London Stock Exchange in Decemberhere is another sign of institutional markets’ interest in cryptocurrency. On the shores of Lake Michigan, the metaverse becomes more real than ever.
The Chicago Mercantile Exchange expands its benchmark price offering
The announcement was made through a press release issued on January 5. On the one hand, the Chicago Stock Exchange, which is the world’s leading derivatives market. And on the other hand, CF standards which is the leading provider of cryptocurrency standards. They will start together three new reference tools. From January 30, we will be able to have the price indices of Chilli (CHZ), from Decentraland (MANA) and Axie Infinity (AXS).
The CME and CF standards will provide two separate tools. of reference price calculated over the last 24 hours and published daily at 4pm London time. But there will be real time price which will release it, every second of every day. All these reference prices will be expressed in US dollars. And they will be mined by at least two of the following exchanges: Bitstamp, Coinbase, Gemini, itBit, Kraken or LMAX Digital.
As a reminder, these indices are not tradable products. like ETFs but only means the professionals. Sui ChungThe CEO of CF Benchmarks welcomed the announcement:
“CF Benchmarks is proud to continue its work with CME Group to provide investors with exposure to all aspects of the digital asset class at benchmark prices that meet the high standards they have come to expect. These new tools will provide accurate and elastic price data for tokens linked to the metaverse, an exciting new branch of crypto where private ownership and communities can exist in a virtual realm. »
Clearly, the metaverse has found its place within data CME reference. There is also the same type of data for 15 different cryptos including BTC, ETH, AVAX, ADA, LINK or COSMOS. AND Challenges there is also a place far away with the 4 arguments AAVE, CRV, SNX and UNI. Thus, the 3 newcomers complete the collection of tokens and push the metaverse into another dimension.
Although the price of these assets suffered from strong corrections In recent months, the excitement surrounding the metaverse hasn’t really waned. Of course, the soufflé of the last bull run has fallen a bit. But projects continue to be built despite largely unfavorable market conditions. Moreover, we can see, with small signs, thatinstitutional interest remains intact, even growing.
Hopping around the metaverse may resume soon! Take advantage of current market conditions to quietly stock Chiliz, Mana and AXS. Register quickly on the Binance platform, the absolute standard in this sector. You will save 10% on your trading fees by following this link (trade link).