CME CF Bitcoin Reference Rate - Asia Pacific Variant: Explainer Video

The CME CF Bitcoin Reference Rate - Asia Pacific Variant (BRRAP) is a once a day benchmark index price for Bitcoin that aggregates trade data from multiple Bitcoin-USD markets operated by major cryptocurrency exchanges that conform to the CME CF Constituent Exchange Criteria. It is the pre-eminent index price for Bitcoin risk settlement that is synchronized to 1600 Hong Kong Time. The CME CF Bitcoin Reference Rate - Asia Pacific Variant was incepted on September 11th 2023. The Index is a Registered Benchmark under UK BMR and as such is a Third Country benchmark under the EU BMR Regime.

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