The world’s largest financial derivatives exchange has announced plans to roll out new Ethereum-based financial products ahead of a major smart contract platform upgrade scheduled for mid-September.
In a new statement, CME Group To tell Starting Ethereum options (ethereum) September 12 futures, pending regulatory review and approval.
These new contracts will offer one Ether futures contract size of 50 Ether per contract based on the CME CF Ether Dollar reference rate, which serves as the daily reference rate for the USD price of Ether.
When the new product launches, it will extend the company’s existing cryptocurrency options contract. Started by CME offer Bitcoin options (Bitcoin) Futures In March, we launched options on Micro Bitcoin and Micro ETH futures.
Tim McCourt, global head of equities and FX products at CME Group, said the existing ETH futures in the derivatives market already trade more than 1.8 million contracts.
“We continue to see market participants turn to CME Group to manage Ether price risk as we get closer to next month’s highly anticipated Ethereum merger.Our new Ether options offer a wide range of clients greater flexibility and added precision to manage their Ether exposures ahead of market-moving events.
New options products from both traditional and crypto-focused investors, with The Merge moving Ethereum from a central proof-of-work consensus mechanism to a proof-of-stake mechanism It is expected that interest in
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