Name a Major Reference Rate Used for Bitcoin Futures.
A major reference rate used for institutionally-traded Bitcoin futures is the CME CF Bitcoin Reference Rate (BRR). This rate is calculated by CF Benchmarks and is based on an aggregation of trade flow from major, regulated cryptocurrency exchanges during a specified calculation window.
It is widely accepted for use in cash-settled contracts due to its robust methodology and transparency.
Glossar
Bitcoin Futures
Settlement ⎊ These standardized, exchange-traded contracts obligate the holder to buy or sell a specific quantity of Bitcoin at a future date for a predetermined price, forming a critical component of regulated crypto derivatives markets.
Reference Rate
Benchmark ⎊ Reference Rate is the established, observable interest rate or index used as the basis for calculating floating payments, margin requirements, or funding costs within a financial contract, particularly for derivatives referencing time value.