Cryptocurrency Q&A
What is CME CF Bitcoin reference rate (Brrap)?
What is CME CF Bitcoin reference rate (Brrap)?
KpopStarletShine
Tue Jul 16 2024
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7 answers
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Could you elaborate on the CME CF Bitcoin Reference Rate (BRR)? I'm curious to understand its significance and how it's calculated. As a financial professional, I'm aware of the importance of reference rates in traditional markets, but the cryptocurrency space is still relatively new to me. Could you explain what the BRR represents, its purpose, and how it's utilized in the market? Is it widely recognized as a benchmark for Bitcoin pricing? Thank you for clarifying.
7 answers
BitcoinBaron
Thu Jul 18 2024
The CME CF Bitcoin Reference Rate (BRRAP) and the CME CF Ether-Dollar (ETHUSD_AP) are benchmark indices that are computed with precision and regularity.
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SamuraiCourageous
Wed Jul 17 2024
The calculation period for both rates is from 3:00 p.m. to 4:00 p.m., which adheres to the Hong Kong/Singapore time zone.
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KDramaLegend
Wed Jul 17 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive range of services to its clients.
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QuasarStorm
Wed Jul 17 2024
Among its offerings are spot trading, futures trading, and wallet services, providing a one-stop solution for cryptocurrency investors.
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Eleonora
Wed Jul 17 2024
Despite being widely referenced, these rates are not utilized for the settlement of futures contracts, allowing them to serve as independent benchmarks.
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