February 11 News, Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has officially launched a series of cryptocurrency futures products linked to the CoinDesk benchmark indices, marking a new phase in the regulated market’s deployment of digital asset derivatives. These contracts are settled in US dollars cash, providing institutional investors with a compliant channel to participate in the volatility of mainstream crypto markets such as Bitcoin and Ethereum without directly holding or custodying the assets.
ICE stated that this batch of futures was first announced externally on January 9 and has begun trading this week. It includes a wide range of market contracts linked to the CoinDesk 20 and CoinDesk 5 indices, as well as single-asset futures tracking the price performance of Bitcoin, Ethereum, Solana, XRP, and BNB. Since these products do not involve physical delivery, they are more aligned with traditional institutions’ risk management and asset allocation needs.
More notably, ICE plans to launch USDC futures based on the CoinDesk overnight rate, with a one-month term, currently awaiting regulatory approval. This rate is derived from decentralized finance lending markets, reflecting on-chain real funding costs, and is logically similar to traditional overnight benchmark rates such as SOFR. This means that in the future, traders will not only be able to bet on price movements but also price the liquidity, borrowing costs, and capital tightness of the crypto market.
Industry experts believe that this move is reshaping the financial attributes of digital assets, gradually transforming them from mere speculative targets into market tools with comprehensive financing and credit pricing functions. ICE also pointed out that the CoinDesk indices are currently linked to hundreds of billions of dollars in assets, with the CoinDesk 20 weighted by market capitalization, covering most of the digital asset market performance.
As regulated derivatives and DeFi interest rate mechanisms merge, the boundary between traditional capital and on-chain finance is being redefined, and the pricing system of the crypto market is expected to move toward a more mature stage.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Trader who previously made a profit of $24 million opens a $6.7 million short position in oil, while going long on NVDA and PAXG
Gate News Report, March 8 — According to Lookonchain monitoring, trader loracle.hl, who previously made a profit of $24 million, is currently shorting oil. The trader has opened a 2x leveraged short position on 69,924 xyz:CL, worth approximately $6.7 million. Additionally, the trader is simultaneously long on NVDA and PAXG.
GateNews1h ago
Brother Ma Ji Huang Licheng's 25x ETH long position was partially liquidated again, with a liquidation price of approximately $1926.
Gate News Report, March 8th, on-chain data shows that due to a short-term slight decline in the market, Big Brother Magi Huang Licheng's 25x Ethereum long position was partially liquidated again. He currently holds 2,500 ETH, with an unrealized loss of about $200,000, and a liquidation price of approximately $1,926.
GateNews2h ago
PEPE faces volatility risk as the threat of a "short squeeze" increases
The memecoin market is experiencing a significant downturn as the total industry capitalization has dropped by 48% over the past year and declined another 6.9% in the most recent month, according to data from CoinMarketCap. Meanwhile, a report from Glassnode indicates that this sector has only grown modestly by 2.2% in the past t
TapChiBitcoin4h ago
Sky Co-founder Rune opens 7x leveraged short positions on ETH and the NASDAQ 100, planning to add four more positions.
Gate News Report, March 8: According to Onchain Lens monitoring, Sky co-founder Rune has opened a 7x leveraged short position on ETH and the Nasdaq 100 (U.S. Nasdaq 100 Index). Previously, Rune was long on crude oil futures CL (WTI crude oil, U.S. crude oil futures benchmark) and Brent Oil (Brent crude oil, international crude oil futures benchmark). Currently, their account still holds
GateNews4h ago
A newly created wallet deposits 2 million USDC into Hyperliquid to open short positions on BTC and ETH.
Gate News Report, March 8th: According to Onchain Lens monitoring, a newly created wallet deposited 2 million USDC into Hyperliquid, opened a 5x leveraged BTC short position and a 20x leveraged ETH short position, with the current position value approximately equivalent to 10 million USD.
GateNews5h ago
Solana Eyes $90.6 Trigger Point as $83 Support Holds and Liquidation Pressure Builds
A large cluster of short positions faces liquidation if SOL reaches $90.6, potentially increasing volatility.
SOL trades between $83.00 support and $89.58 resistance, keeping price action compressed in the short term.
SOL posts a 0.8% daily gain and rises 0.7% against BTC, holding
CryptoNewsLand10h ago
