Odaily News: CME Group and cryptocurrency benchmark provider CF Benchmarks plan to launch two new Asia-Pacific specific reference rates. On September 11th, the CME CF Bitcoin Asia Pacific Reference Rate (BRRAP) and CME CF Ethereum USD Asia Pacific Reference Rate (ETHUSD_AP) will be introduced, providing daily reference rates for the USD prices of Bitcoin and Ethereum respectively.

Giovanni Viciioso, Global Head of CME Cryptocurrency Products, said, "These new reference rates are designed to meet the ever-changing needs of global participants in the rapidly growing digital asset space. 37% of CME Group's cryptocurrency trading volume comes from non-U.S. markets, with 11% of the trading originating from the Asia-Pacific region." (PRNewswire)