CME Group Expands Crypto Benchmark Suite with ENA Reference Rates

CME Group has expanded its cryptocurrency benchmark suite by adding reference rates for Ethena's ENA token. The new benchmarks will provide standardized pricing across London, New York, and APAC trading sessions from August 24.

The benchmark suite includes three regional rates: ENAUSD RR covers the London close, ENAUSD NY tracks the New York close, and ENAUSD AP covers the APAC close. Each benchmark publishes at 4 p.m. local time in its respective region, giving institutions separate pricing points across major global trading sessions.

The methodology provides a standardized reference price that draws from trading activity across multiple eligible spot exchanges rather than relying on a single venue. This will support valuation, settlement, and risk-management processes for asset managers and fund administrators, as well as provide real-time indices for intraday pricing and risk management for trading desks.