CME Group Premiers ETH Futures Options Trading

It’s been revealed that Ethereum continues to shine bright in the spotlight these days, ahead of the important upcoming Merge. Check out the latest reports about the digital asset.

It’s been recently revealed that the new offering fits in with the variety of crypto-based products the major derivatives marketplace has developed since launching its pioneering BTC futures contracts in 2017.

Derivatives marketplace Chicago Mercantile Exchange Group (CME Group) announced the launch of options trading for its Ether (ETH) futures products Monday — this is the same week as the expected Ethereum Merge.

The launch of the new futures contract is “well timed,” CME Group global head of equity and FX products Tim McCourt said in a statement.

He continued and said the following:

“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.”

CME Group which is the world’s leading derivatives marketplace, announced its intention to launch futures options Aug. 18.

“The contracts will deliver one Ether future at 50 ETH per contract, based on a reference rate of the U.S. dollar price of Ethe updated daily,” the online publication mentioned above notes.

Just-In: CME Clears Regulatory Hurdle, Launches Ether (ETH) Options Ahead Merge
The world’s leading derivatives marketplace CME Group on Monday said it has launched Ether (ETH) options on futures. pic.twitter.com/Ul4GTZ39ao

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It’s been revealed that the search engine Google has added a countdown feature for Ethereum’s (ETH) upcoming merge. This is happening as global interest in ETH’s upgrade sharply rises.

Google Cloud blockchain developer Sam Padilla unveiled the new feature days ago. He told his Twitter followers that if they google the phrase “the merge,” they’d be in for a surprise.

“Go Google ‘the merge’ for a fun little surprise and appreciation. Everyone is so excited for what is coming and appreciative of the work that has been going into this for years.”