Popular derivatives marketplace Chicago Mercantile Exchange (CME) objavio je u četvrtak that it plans to add options on Ethereum (ETH) futures trading on September 12, pending regulatory review.
CME to Deliver 50 ETH Per Contract
Per the report, the upcoming suite of Ether contracts is designed to “deliver one ether futures, sized at 50 Ether per contract, and based on the CME CF Ether-Dollar Reference Rate, which serves as a once-a-day reference rate of the U.S. dollar price of Ether.”
Kao derivative exchange, the American-based company allows users to participate in trading options, including futures, cash, and options while providing in-depth market analysis to enable users to manage risk efficiently and recognize opportunities.
CME Group offers a range of crypto futures options, such as Bitcoin options launched in 2017. It also features micro-sized Bitcoin i Opcije etera, which were added later in 2021.
The company noted that it’s CME Group’s standard- and micro-sized Ether futures contracts have performed remarkably well over the years and have continued to provide consistent liquidity, volume, and open interest for clients.
Tim McCourt, the company’s global head of equity and foreign exchange products, stated that the upcoming launch of Ether options came after the firm had recorded 1.8 million Ether futures contracts traded.
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McCourt also noted that the new product will help users manage their Ether exposure ahead of market moving events when Ethereum finally migrates to a Proof-of-Stake (PoS) consensus mechanism, which is stipulated to happen next month.
“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. Our new Ether options will offer a wide array of clients greater flexibility and added precision to manage their ether exposure ahead of market moving events,” he said.
Speaking on the matter, Sam Newman, the Head of Digital Assets Brokering at TP ICAP, noted that the trading company is thrilled to support CMC in the launch of the new product.
“With the upcoming Ethereum protocol merge, we expect this new contract to see significant interest from both our traditional customers as well as crypto native clients. As part of the world’s largest IDB, TP ICAP Digital Assets has supported CME Group’s Cryptocurrency suite since our launch in 2019 and will continue to do so as we move into the next phase of institutional adoption,” said Newman.
Source: https://coinfomania.com/cme-group-to-roll-out-ether-options/#utm_source=rss&%23038;utm_medium=rss&%23038;utm_campaign=cme-group-to-roll-out-ether-options