CME Plans To Launch Options Product For ETH Futures

The leading derivatives exchange Chicago Mercantile Exchange Group (CME) is planning to launch options trading for its Ethereum (ETH) futures products.

In an announcement on August 18, CME Group said that subject to regulatory review, it plans to launch options products for Ethereum futures, up to 50 ETH per contract.

The exchange is expected to start trading ETH futures options on September 12. This product is a continuation of Micro Bitcoin (BTC) and Micro Ethereum options in early 2022, Ethereum futures (February 2021), Bitcoin options (January 2020), and Bitcoin futures contracts (December 2017).

CME Group’s global head of equity and FX products Tim McCourt cited Ethereum’s upcoming transition to Proof-of-Stake (PoS) under The Merge when announcing the news. He said the development team has observed an increase in trading volume and open interest for ETH futures, so CME wants to provide even more choices for customers.

“We have seen heightened activity in our September and December Micro Ether options, which could also suggest that participants are hedging risk around the proposed date of the merge. Seventy-eight percent of Micro Ether options open interest is in the September and December contracts.”

From the move to expand the product for Ethereum, it can be seen that the influence of The Merge event is having a positive psychological impact on ETH investors’ bullish expectations, and CME does not want to miss this opportunity.

In addition to the data mentioned above by CME, in the past two weeks, other popular crypto exchanges are also seeing institutional investors “actively long ETH.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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