CME Group has expanded its cryptocurrency benchmark suite to include reference rates for Ethena’s ENA token, introducing standardized pricing across the London, New York, and APAC trading sessions.
Administered by CF Benchmarks, the new products feature daily reference rates and real-time indices designed to track the price of ENA against the U.S. dollar. The benchmark suite includes three regional rates: ENAUSD RR for the London close, ENAUSD NY for the New York close, and ENAUSD AP for the APAC close. Each benchmark publishes daily at 4 p.m. local time in its respective region.
CME Group publishes the rates every day, including weekends and holidays, to account for continuous cryptocurrency trading. Real-time indices also provide updated ENA pricing throughout the day. Pricing draws from trading activity across multiple eligible spot exchanges rather than depending on a single venue.
The addition of ENA extends CME Group’s cryptocurrency pricing coverage beyond major assets like Bitcoin and Ether. The broader benchmark lineup also covers cryptocurrencies such as Solana, XRP, Cardano, Chainlink, and Stellar Lumens.
Asset managers and fund administrators can utilize the reference rates for portfolio valuation and net asset value calculations, while trading desks can apply the real-time indices for intraday pricing and risk management.
