Nasdaq and CME Group Relaunch Joint Crypto Index for Institutional Use
According to Nasdaq, the Nasdaq Crypto Index has been renamed the Nasdaq CME Crypto Index, with CME Group and CF Benchmarks supporting its role as a compliant benchmark for regulated crypto products.
Fact Check
The assessment is based on two highly authoritative and directly relevant sources. The primary source from Nasdaq, one of the entities in the statement, explicitly announces the reintroduction of the Nasdaq Crypto Index (NCI) through a deepened partnership with CME Group, specifically targeting institutional investors. This directly confirms all elements of the claim. A second high-authority source from MSN Money corroborates this information, detailing the joint effort and the rebranding of the index. The remaining sources are entirely irrelevant to the topic and provide no contradictory evidence. The presence of a direct announcement from the company involved, supported by reputable financial news, provides exceptionally strong and consistent evidence, making the statement true with high confidence.
Summary
Nasdaq announced that the Nasdaq Crypto Index has been renamed to the Nasdaq CME Crypto Index as part of its ongoing partnership with CME Group. The rebranded index is jointly governed by Nasdaq and CME and calculated by CF Benchmarks, with the goal of establishing a standard benchmark for regulated crypto investment products through enhanced transparency and compliance oversight.
Terms & Concepts
- Crypto Index: A market benchmark tracking the price movements of multiple digital assets, helping investors assess overall market trends.
- CF Benchmarks: A regulated benchmark administrator responsible for calculating and publishing cryptocurrency indices used in financial products.
- Nasdaq CME Crypto Index (NCI™): A jointly governed crypto benchmark by Nasdaq and CME Group designed for institutional and regulated crypto investment products.