The CME CF New York reference rate has covered six types of crypto assets including Polkadot (DOT)
According to X user @stakenode_dev, CME CF has launched the New York Reference Rate (DOTUSD_NY Reference Rate) for Polkadot, calculating standardized prices that align with Eastern Market hours (3pm to 4pm). This move provides institutions, traders and analysts with a transparent and reliable DOT pricing reference, marking an important step in integrating Polkadot into traditional financial markets.
CME Group's official Twitter account also announced earlier that the New York version of the CME CF Polkadot (DOT) reference rate is now live. This reference rate lays the foundation for future launches of financial products tied to DOT such as ETFs, derivatives and risk management tools. Previously, CME CF successfully pushed BTC and ETH towards mainstream adoption.
In response to this news, X user @Biz_R_ stated that the CME CF New York Reference Rate currently covers six cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Chainlink (LINK), Polygon (POL) and Polkadot(DOT).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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