CME Group introduces new cryptocurrency benchmarks for institutional traders, covering assets like Bitcoin and Ether. The launch includes Bitcoin Volatility Benchmarks, similar to the equity market’s VIX, indicating expected price movement in the next 30 days. These benchmarks are crucial for options pricing and risk management.

Institutional demand for crypto derivatives grows, with futures and options trading volume on CME hitting over $900 billion in the third quarter. Record open interest of $31.3 billion points to deepening liquidity and growing institutional conviction. Ether-based derivatives trading also sees significant growth, reflecting broader market participation beyond Bitcoin.

Read more at Cointelegraph: CME Launches Bitcoin Volatility Index and Crypto Benchmarks