CME CF Introduces New York Reference Rate For Polkadot
AI Summary
According to Odaily, CME CF has launched the New York Reference Rate for Polkadot (DOTUSD_NY Reference Rate), which calculates a standardized price daily during the Eastern U.S. market hours from 3 PM to 4 PM. This initiative aims to provide traders, institutions, and analysts with a transparent and standardized pricing reference for DOT.
Currently, the CME CF New York Reference Rate encompasses six cryptocurrencies:
#BitcoinTherapist (BTC),
#EthereumCash (ETH),
#solanabot (SOL), #Chainlink's (LINK),
#Polygone (POL), and
Polkadot (DOT). This development is part of a CME CF Introduces New York Reference Rate For Polkadot
AI Summary
According to Odaily, CME CF has launched the New York Reference Rate for Polkadot (DOTUSD_NY Reference Rate), which calculates a standardized price daily during the Eastern U.S. market hours from 3 PM to 4 PM. This initiative aims to provide traders, institutions, and analysts with a transparent and standardized pricing reference for DOT.
Currently, the CME CF New York Reference Rate encompasses six cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Chainlink (LINK), Polygon (POL), and Polkadot (DOT). This development is part of a broader effort to enhance the transparency and reliability of cryptocurrency pricing, offering a consistent benchmark for market participants. By standardizing the pricing during a specific time frame, CME CF seeks to facilitate more informed trading decisions and analysis in the rapidly evolving digital asset market.broader effort to enhance the transparency and reliability of cryptocurrency pricing, offering a consistent benchmark for market participants. By standardizing the pricing during a specific time frame, CME CF seeks to facilitate more informed trading decisions and analysis in the rapidly evolving digital asset market.