Hot on the heels of the news that they’ve received a Series B investment from leading Japanese foreign exchange brokerage Money Partners Group, Kraken have today announced a partnership with the CME Group, joint operator of the S&P 500 and Dow Jones Industrial Average who have selected the exchange as one of 6 key suppliers of data for reference and real-time price indices.

Kraken’s data was first recognised as a reliable standard in 2014 when Bloomberg responded to customer demand and offered Bitcoin a stamp of approval with the addition of complete price and volume data to their terminals. Today’s announcement serves as another significant milestone in the developing use of cryptocurrency in the derivatives market and will see CME Group, in collaboration with Crypto Facilities Ltd, launcing the CME CF Bitcoin Reference Rate (BRR) and the CME CF Bitcoin Real Time Index (RTI) in the final quarter of 2016.

CEO of Kraken, Jesse Powell commented on their latest mark of…

Source link