Intercontinental Exchange Launches Cryptocurrency Futures Contracts Based on CoinDesk Indices

According to Business Wire, 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-asset futures for Bitcoin, Ethereum, Solana, XRP, and BNB. These contracts are denominated in USD and settled in cash. Currently, over $40 billion in assets are tracking the related CoinDesk indices. The CoinDesk 20 Index uses a capped market capitalization weighting method, covering over 90% of the digital asset market, with a total linked product size exceeding $16 billion. ICE also plans to launch a one-month CDOR USDC futures contract based on the CoinDesk Overnight Rate, which tracks the overnight rate in the decentralized finance market, pending regulatory approval.