What is CME CF Bitcoin reference rate (Brrap)?
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.