CME Group partners with CF Benchmarks to launch Bitcoin volatility indices

Key Takeaways

• CME Group and CF Benchmarks have partnered to launch new Bitcoin volatility indices.
• Two products were introduced: the CME CF Bitcoin Volatility Index – Real Time (BVX) and the CME CF Bitcoin Volatility Index – Settlement (BVXS).

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CME Group, the world’s leading derivatives marketplace, 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).

While not tradable products, the indices translate implied volatility from CME’s Bitcoin and Micro Bitcoin options into transparent benchmarks. CME says the tools reflect surging institutional activity in its crypto derivatives complex.

The partnership expands CME Group’s cryptocurrency benchmark suite, adding volatility tools to support risk management in digital asset markets. CME Group already provides Bitcoin futures and options to help institutional investors hedge exposure and manage risk in the derivatives marketplace.

CF Benchmarks specializes in cryptocurrency indices that support financial products including derivative contracts for institutional use. The new volatility indices enhance pricing data availability in the institutional digital asset market.