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CME and CF Benchmarks to Launch Asia-Pacific-Specific Bitcoin and Ethereum Reference Rates

CME Group and cryptocurrency benchmark index provider CF Benchmarks announced plans to launch two Bitcoin and Ethereum reference rates for the Asia-Pacific region on September 11th - CME CF Bitcoin Reference Rate APAC (BRRAP) and CME CF Ether-Dollar Reference Rate APAC (ETHUSD_AP). These rates will provide a daily reference rate for the US dollar price of these two digital assets, and will be released at 4pm Hong Kong/Singapore time.

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