Pile of cryptocurrency coins
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Venturing beyond Bitcoin and Ether, three new cryptoasset benchmarks and real-time indexes are being launched by the CME Group and crypto benchmark firm CF Benchmarks.

The firms announced plans for the launch of new crypto reference rates and indexes — based on Avalanche, Filecoin and Tezos — that will be calculated daily, beginning on Oct 31.

The new benchmarks, which will publish once per day at 4 p.m. London, U.K., time, will be based on U.S. dollar pricing data from several crypto exchanges and trading platforms, starting initially with Bitstamp, Coinbase, Gemini, itBit, Kraken and LMAX Digital. The real-time indexes will publish once per second, 24 hours a day.

“Together with Bitcoin, Ether and other available cryptocurrencies, CME CF reference rates and real-time indices will capture more than 92% of the investable cryptocurrency market capitalization,” said Giovanni Vicioso, global head of cryptocurrency products at CME Group, in a release.

The new rates and indexes are not tradable futures products, the exchange noted.

“These new benchmarks are designed to allow traders, institutions and other users to access a much broader range of cryptocurrencies through a suite of products they are already familiar with, allowing them to confidently and more accurately manage cryptocurrency price risk, value portfolios or create structured products like ETFs,” Vicioso said.