Derivatives exchange CME Group to offer Ether Futures Options

Last updated: August 19, 2022 8:08 AM

Published August 19, 2022 8:08 AM

Last updated: August 19, 2022 8:08 AM

Published August 19, 2022 8:08 AM

The world’s leading derivatives exchange CME Group has announced plans to launch Ether future options on September 12. The new contracts will be based on the CME CF Ether-Dollar Reference Rate, which will deliver one contract at 50 ether per contract.

Looking for a new opportunity to add the flexibility of options to your cryptocurrency portfolio? Meet CME Group’s Ether options, launching Sept. 12. https://t.co/yHc3s6oL9h pic.twitter.com/wlKTGNyE5K
— CME Group (@CMEGroup) August 18, 2022

The CME group’s existing Ether futures have traded more than 1.8 million contracts till date. Tim McCourt, Global Head of Equity and FX Products, CME Group said, “As we approach the highly anticipated Ethereum Merge next month, we continue to see market participants turn to CME Group to manage ether price risk.”

The new futures options will offer CME customers greater flexibility and added precision to manage their ether exposure ahead of market moving events.

Also Read: CME Group to Launch Euro-based Bitcoin & Ether Futures

CME Group’s existing suite crypto options contract includes Bitcoin options, micro-sized Bitcoin and Ether options.

The Ether futures trading highlights of July records an average daily volume of 7.9K contracts, and open interest of 3.9K contracts.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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