13 september 2022 | Announcements

CME Group launches ETH futures options trading

The announcement of the launch of options trading for its Ether (ETH) futures products appeared Monday on the Chicago Mercantile Exchange Group (CME Group) derivatives platform. The Ethereum merger is also planned for this week.

According to CME Group Global Director of Equities and FX Products Tim McCourt, it is just in time to launch a new futures contract.

According to McCourt, interest in Ether derivatives is growing because the market and its participants are waiting for the results of the influence on one of the largest cryptocurrency networks from the upcoming Ethereum merger.

On August 18, there was an announcement of the intention to launch futures options by the world's leading derivatives market CME Group. According to the statement, Ether prices will be in U.S. dollars, the base currency rate of which is updated daily. According to the announcement, one Ether futures will offer a price of 50 ETH per contract.

The line of existing products of CME Group stays fully available, only new contracts are added to it. In December 2017, the first CME Group bitcoin futures contract was launched. Despite the cryptocurrency winter, bitcoin (BTC) and ETH derivatives contracts generated record high interest in the second quarter of this year.

In January 2020, the BTC options trading product by CME Group was launched. In December 2021, futures contracts for micro-ether were launched. In March 2022, option contracts on existing CME micro-BTC and ETH futures were launched for 10% of token size. Euro-denominated futures for BTC and ETH are also offered by CME Group.

Confirmation of the Ethereum blockchain is ready for a merger has been received from Ethereum developers. As part of this merger, there will be a transition from a proof-of-work mechanism to a consensus "proof-of-share" mechanism. The completion of the merger is scheduled to be on September 15.

The crypto market may be subject to greater volatility due to the merger and the release of the U.S. Consumer Price Index (CPI) data for August on September 15.

Sources: CME Group, Сointelegraph.com

Latest news
Strengthening dollar threatens the profits of technology companies

Shares of technology companies are now experiencing their worst period in decades.

1 hour ago
United Nations agency calls for the Fed to slow down the pace of rate increases

The Fed’s aggressive tightening of its policy has resulted in the U.S. dollar getting to record highs in several decades and crushing other currencies.

1 hour ago
US housing market will face a serious slowdown

The sharp drop in USR home prices was the result of the FRS fights against inflation.

1 hour ago
ABI Research named Verizon Connect as innovation leader

Verizon Connect scored highest in innovation in the 2022 ranking for the top commercial telematics provider of ABI Research, which was released in September. Verizon Connect was already named a leader in 2020.

In August, the number of vacancies in the U.S. fell by more than 1 million

The tight U.S. labor market began to show signs of easing in August.


Subscribe to our newsletter and stay up to date with all the news!