CME Unveils Ether Options Launch On September 12 Before Ethereum’s PoS Merge

2 years ago

Summary:

Major derivatives marketplace CME Group announced an summation to its crypto offerings connected Thursday.
The steadfast plans to motorboat options connected Ether futures astir September 12.
Users tin already commercialized Bitcoin futures options and ETH futures via CME.
The quality comes arsenic request for Ether options trading enactment deed an eight-month precocious successful August.

Chicago Mercantile Exchange (CME) Group, 1 of the world’s starring platforms for crypto derivatives products, has announced the motorboat of options for Ether (ETH) futures connected September 12, a fewer days earlier the Ethereum web transitions to a Proof-of-Stake consensus.

According to Thursday’s announcement, CME plans to supply a broader scope of crypto offerings for customers with its latest addition. At property time, the work already boasts options for Bitcoin, arsenic good arsenic futures products for BTC and ETH.

[DB] CME to Launch Ether Options connected September 12

— db (@tier10k) August 18, 2022

CME’s newest offering would diagnostic contracts that present 1 ETH futures. The radical revealed a 50 ETH per declaration operation for funny investors.

The firm’s Global Head of Equity Tim McCourt said CME’s latest merchandise could pat extended liquidity floating successful the booming futures market. So far, the steadfast has traded implicit 1.8 cardinal contracts with request expanding up of the Merge.

As we attack the highly anticipated Ethereum Merge adjacent month, we proceed to spot marketplace participants crook to CME Group to negociate ether terms risk.

Ether (ETH) Open Interest Hits Record High Weeks Before The Merge

Ethereum has arguably assumed halfway signifier successful the satellite of integer assets. The web is connected the roadworthy to a landmark infinitesimal arsenic developers hole for a switch to a Proof-of-Stake statement from a Proof-of-Work mechanism.

While the terms of ETH has hovered astir the $1800 scope implicit the past fewer days, unfastened involvement connected ETH futures contracts connected Binance deed an eight-month high. Data from Glassnode showed that ETH options peaked astatine astir 4 cardinal successful August 2022, beating the erstwhile grounds of 3.5 million.