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CME Group Introduces Filecoin To Its Price Indexes

Twitter icon  •  Published 2 years ago on October 10, 2022  •  Hassan Maishera

The Filecoin team announced via Twitter on Friday that the world’s leading derivatives marketplace, CME Group, has introduced Filecoin to its price indexes.

CME Group Introduces Filecoin To Its Price Indexes

The Filecoin team announced via Twitter on Friday that the world’s leading derivatives marketplace, CME Group, has introduced Filecoin to its price indexes. The team believes that the move could lay the groundwork to expand CME's suite of futures contracts beyond bitcoin and ether. 

Filecoin is a decentralized storage network that serves as an incentivization layer on top of the InterPlanetary File System (IPFS). FIL has added less than 1% to its value over the past 24 hours and is currently trading at $5.42.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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