CME Group Announces Launch Of Options On Ether Futures

CME Group announces the launch of new options on Ether futures, which is particularly well-timed to provide the crypto community with another essential tool to gain access to and manage exposure to Ether. As market participants anticipate the upcoming Ethereum Merge, and with interest in Ether derivatives surging, today @CMEGroup launched our new options on Ether futures. https://t.co/ts0NgbWLus — CME Group (@CMEGroup) September 12, 2022 “Genesis is proud to consistently provide day-one support of CME Group’s ever-expanding suite of crypto derivatives and offer the newest derivatives products to our institutional clients,” said Leon Marshall, Global Head of Sales at Genesis CME Group’s Ether Futures The new options contracts will additionally support CME Group’s Ether futures, whose average daily volume has increased by 43% yearly. The product supports a solid infrastructure for trading and clearing, and CME Group is eager to offer liquidity immediately. We anticipate strong demand for this Ether options contract as Ether moves through the anticipated Merge this week. Tim McCourt, Global Head of Equity and FX Products, CME Group, 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.” Based on the CME CF Ether-Dollar Reference Rate, which serves as a once-daily reference rate of the U.S. do...