CME Group plans to launch options on ETH futures prior to the Merge
EthereumPlano ng CME Group na maglunsad ng mga opsyon sa ETH futures bago ang Merge08 / 19 / 2022Balita ng Ethereum ng Bitcoin Major derivatives marketplace Chicago Mercantile Exchange Group intends to launch options trading for its Ether (ETH) futures products. In a Thursday anouncement, the CME Group sinabi that subject to regulatory review, it plans to launch options contracts for its Ether futures, sized at 50 ETH per contract. The futures options, expected to start trading on Sept. 12, will follow the firm launching micro-sized Bitcoin (BTC) and Ether options in March 2022, BTC options trading products in January 2020, and a BTC futures contract in December 2017. CME Group‘s global head of equity and FX products Tim McCourt cited the Ethereum blockchain’s upcoming transition to proof-of-stake — also known as the Merge — in anouncing the ETH futures product. McCourt said the group had observed an increase in trading volume and open interest for ETH futures and micro-sized ETH futures options, possibly in anticipation of the Merge. “We have […] seen heightened activity in our September and December Micro Ether options, which could also suggest that participants are hedging risk around the proposed date of the merge,” said McCourt in a statement