CME Group to Launch Ether Futures Before Merger

CME, one of the largest derivatives markets, plans to launch Ether futures options on September 12th, subject to regulatory approval.

  • Since the release of the new product, 1.8 million Ether futures contracts have been traded on CME Group’s exchanges.
  • As the highly anticipated Ethereum Merge nears, Tim McCourt, Global Head of Equity and FX Products at the company, observed a growing demand for Ether price risk management. In a statement, the executive added,

“We are introducing these new options contracts in addition to the existing Ether futures, which have traded over 1.8 million contracts to date.” 

  • There is a significant chunk of Ether options activity conducted via OTC desks.
  • Alternatively, the new Ether options from CME will offer clients greater flexibility and more “precision” in managing investors’ exposure to the cryptocurrency ahead of market moving events.
  • Derivatives markets already offer Bitcoin options. In 2017, it introduced BTC futures, and four years later, it introduced ETH futures.
  • Additionally, the company offered micro-sized Bitcoin and Ethereum options earlier this year, citing growing investor demand.
  • CME Group will be supported by TP ICAP’s Digital Assets Head of Brokering Sam Newman in the rollout of full-sized Ether options contracts, Newman said.

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