Nasdaq launches its revamped crypto index after collaboration with CME Group

PANews January 9 News, according to Cryptopolitan, the Nasdaq Crypto™ Index has just undergone a major update and is now renamed the Nasdaq CME Crypto™ Index. Nasdaq and the Chicago Mercantile Exchange Group (CME Group) hope that this index will become the preferred underlying tool for regulated cryptocurrency products. CF Benchmarks will be responsible for the index’s numerical calculations, and the index is also supported by rigorously vetted exchanges and custodians. A joint governance team supervises all aspects to ensure compliance with today’s standards. The entire methodology is publicly available, including the criteria for including and removing index components, as well as the update frequency of the component list. Giovanni Vicioso of CME Group stated, “This is a strong partnership of two gold standards, aimed at providing the market with the regulated diversified investment options and foundational building blocks it needs right now.”