CME Group launches trading in ETH futures options as The Merge

is underway

Chicago Mercantile Exchange Group (CME Group), a derivatives market, announced Monday the launch of options trading in Ether ( ETH), futures products — the same week that the expected Ethereum Merge.

CME Group global head of equity products and FX products Tim McCourt stated that the launch of the futures contract was “well-timed”. He didn’t:

“As market participants anticipate Ethereum Merge, which could be a game-changing update to one of the most important cryptocurrency networks, interest is growing in Ether derivatives.”

, the world’s largest derivatives market, announced that it will launch futures options August 18. One Ether future will be delivered at 50 ETH each contract. This is based on the U.S. Dollar price of Ethe, which is updated daily.

These new contracts will join an existing line-up of CME Group products. In December 2017, the group launched the first Bitcoin futures contract. In December 2017, the first Bitcoin futures contract was launched.

CME Group launched a BTC options trading platform in January 2020. CME Group launched micro Ether futures in December 2021, and in March 2022 options contracts were launched for existing micro BTC- and ETH futures at 10%. It also offers euro denominated BTC futures and ETH futurs.

Related to The Merge – Top 5 Misconceptions About the upcoming Ethereum upgrade

Ethereum developers have confirmed that the Ethereum blockchain has been ready for “The Merge,” which will see it transition from a proof of work to a proof and take consensus mechanism. The Merge is expected completion on September 15.

At the time this article was written, ETH traded at $1,715, a decrease of 3.23% over 24 hours and a decline of 11.14% over the past month. The release of September U.S. Consumer Price Index data (CPI) could cause more price instability.

Opinion writer on 7trade7