Nasdaq and CME Group partner to upgrade crypto index
TL;DR
Nasdaq and CME Group have partnered to rename the Nasdaq crypto index as the 'Nasdaq CME Crypto™ Index', aiming to provide a regulated benchmark for institutional products like ETFs using data from major exchanges and custodians.
Tags
According to Foresight News , Nasdaq has announced that its crypto index will be officially renamed the "Nasdaq CME Crypto™ Index." This index aims to serve as a benchmark for regulated crypto products, leveraging data from exchanges such as Coinbase and Kraken, and custodians such as Fidelity and BitGo as inclusion criteria through a deep partnership with CME Group. It will provide a more institutional-grade market indicator for ETFs and structured products. The index will be rebalanced and its composition reviewed quarterly.