CME Group to launch Ethereum-Dollar Real-Time Index

The cryptocurrency exchange Crypto Facilities has helped CME Group to develop and launch the new Ethereum reference rate and real-time index also connected with the U.S. dollar. This has been posted on the official website of CME Group and shared throughout the financial media.

The reference for indexes will be backed by the data of Bitstamp and Kraken, two major digital currency exchanges. These indexes do not mean that CME Group has launched Ethereum futures, although Crypto Facilities has recently actually done this.

The cryptocurrency market data streaming is harmless for investors even by the standards of the most conservative regulators. Market observers are likely to see more traditional exchanges launching similar services in the near future.

As one should have expected, the price of Ethereum has not grown considerably amidst this news, although since the weekend, it has changed from $676 to $730. This happened likely due to the overall market trend: Bitcoin and altcoins are steadily growing at the press time.

One can read more about the probable long-term price dynamics of Ethereum after the launch of Crypto Facilities futures in a separate report with a theory based on the U.S. Federal Reserve branch findings about Bitcoin.

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