The XRP (CRYPTO: XRP) cryptocurrency, commonly known as Ripple, is earning some fresh respect on Wall Street. I mean that proverbially, of course. The new sign of respect actually comes from the financial district in Chicago.

On July 11, CME Group (NASDAQ: CME) and CF Benchmarks announced two new cryptocurrency reference rates and real-time indexes for Ripple and Internet Computer (CRYPTO: ICP), beginning on July 29. This development highlights the growing integration of digital assets into mainstream financial markets and underscores their increasing importance in the financial market. It's also a direct vote of confidence in Ripple and ICP by some very traditional voices in the investing culture.

The introduction of reference rates and real-time price indexes for Ripple and ICP is a significant step for these cryptocurrencies.

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Source Fool.com