CME Group to Offer Market Participants Ethereum Options 3 Days Before the Merge
Three days before Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS), the world’s largest derivatives marketplace in terms of volume, CME Group, announced plans to list ethereum options. While CME’s ether options product prepares for regulatory review, the company detailed that the options contract will be measured at 50 ether per contract.
The Chicago Mercantile Exchange otherwise known as CME Group revealed the company’s intentions to list ethereum options contracts three days before The Merge on September 12, 2022. CME detailed that the new ether options join the firm’s bitcoin (BTC) options and micro-sized bitcoin and ether options contracts. CME Group will join a number of exchanges that already offer ethereum options contracts including Deribit, Okex, Bit.com, and Huobi. In July there was $11.38 billion in ether options.#mimeXmime #Web3GrandPappa
