CME launches Bitcoin volatility index as institutional crypto trading matures

CME Group has launched a new suite of cryptocurrency benchmarks, including the CME CF Bitcoin Volatility Benchmarks, to provide standardized pricing and volatility data for institutional traders familiar with traditional asset classes. This new Bitcoin volatility index tracks the implied volatility of Bitcoin and Micro Bitcoin Futures options, acting as a crypto-market equivalent to the equity market's VIX by indicating expected price movement over the next 30 days. Although not directly tradable, the index serves as a crucial reference point for risk management and options pricing. This launch coincides with significant growth in institutional crypto derivatives activity on CME, which saw combined futures and options volume exceed $900 billion in the third quarter, reflecting deeper liquidity and conviction in the market.

(Source：Cointelegraph)