CME Group partners with CF Benchmarks to launch Bitcoin volatility indices

CME Group, the world's leading derivatives marketplace, has partnered with CF Benchmarks, a cryptocurrency benchmark index provider, to introduce two new Bitcoin volatility indices: the real-time CME CF Bitcoin Volatility Index (BVX) and the daily settlement version (BVXS). These indices, which are not tradable products themselves, translate implied volatility from CME’s Bitcoin and Micro Bitcoin options into transparent benchmarks, reflecting the growing institutional activity in CME's crypto derivatives complex. This launch expands CME Group’s existing suite of cryptocurrency benchmarks, adding volatility tools to aid institutional investors in managing risk within digital asset markets, complementing their existing Bitcoin futures and options offerings.

(Source：Crypto Briefing)