CHICAGO (Reuters) - CME Group Inc
Starting in the fourth quarter, the new settlement price will be published in U.S. dollars at 4 p.m. London time on each trading day, CME said on Monday. It will be based on trades at bitcoin spot exchanges, including the Coinbase U.S. market.
Real-time prices will be published about once a second and calculated by Crypto Facilities, a London-based trading platform for digital assets, the companies said.
Bitcoin is a web-based "cryptocurrency" used to move money around quickly and anonymously with no need for a central authority. But while some champion it as the digital money of the future, it is often dismissed as a currency that is too volatile to invest in.
Last year, the New York Stock Exchange, owned by the ICE, started the first daily, exchange-calculated bitcoin index.
Also on Monday, the BBC reported that an Australian tech entrepreneur said he had created the digital currency.
(Reporting by Tom Polansek; Editing by Lisa Von Ahn)