Gemini will join the CME CF Bitcoin Reference Rate (BRR) and CME CF Bitcoin Real Time Index (BRTI)
As part of our mission to build the future of money, we have built an institutional-grade exchange that operates on the principles of security, regulation, and compliance while providing our customers with speed and reliability. This has made Gemini a cornerstone of cryptocurrency markets and we believe it is important that our market data helps power and enhance cryptocurrency indices and financial products that are integral to moving our industry forward.
To that end, we are excited to announce that we will be joining the CME CF Bitcoin Reference Rate (BRR), CME CF Bitcoin Real Time Index (BRTI), and six other cryptocurrency indices provided by CF Benchmarks. As a constituent of the BRR, Gemini’s market data will be used to help price the CME Group’s Bitcoin Futures contract (contract specifications | fact sheet).
Implementation is scheduled for Friday, August 30th, 2019 4:30pm BST.
As part of joining the BRR, we had to meet the CME Group’s eligibility criteria for quality of data submitted, market surveillance practices, security, and regulation. We appreciate these standards and look forward to continuing to build trust in crypto; trust is our product.
Onward and Upward,
Jeanine Hightower-Sellitto, Managing Director of Operations