Derivatives marketplace Chicago Mercantile Exchange Group (CME Group) announced the launch of options trading for its Ether (ETH) futures products Monday — the same week as the expected Ethereum merge.
The launch of the new futures contract is “well timed,” CME Group global head of equity and FX products Tim McCourt said in a statement. He said:
“As market participants anticipate the upcoming Ethereum Merge, a potentially game-changing update of one of the largest cryptocurrency networks, interest in Ether derivatives is surging.”
CME Group, the world’s leading derivatives marketplace, announced its intention to launch futures options Aug. 18. The contracts will deliver one Ether futures at 50 ether per contract, based on a reference rate of the U.S. dollar price of ether updated daily.
The new contracts join a