Intercontinental Exchange launches cryptocurrency futures contracts based on CoinDesk Index
According to Business Wire, the Intercontinental Exchange (ICE) announced the launch of cryptocurrency futures contracts based on seven CoinDesk indices, including CoinDesk 20 index futures, CoinDesk 5 index futures, as well as single-coin futures for Bitcoin, Ethereum, Solana, XRP, and BNB.The aforementioned contracts are denominated in U.S. dollars and use cash settlement, with over $40 billion in assets currently tracking the relevant CoinDesk indices. The CoinDesk 20 index employs a market capitalization weighted method, covering over 90% of the digital asset market, with a total linked product scale exceeding $16 billion. ICE also plans to launch a one-month CDOR USDC futures based on the CoinDesk Overnight Rate, tracking the overnight rates of the decentralized finance market, pending regulatory approval.