{"id":574400,"date":"2022-08-18T16:33:21","date_gmt":"2022-08-18T15:33:21","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=574400"},"modified":"2022-08-18T16:42:55","modified_gmt":"2022-08-18T15:42:55","slug":"cme-ether-options-launch-sept-12-merge","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/cme-ether-options-launch-sept-12-merge\/","title":{"rendered":"CME Unveils Ether Futures Options Launch On September 12 Before Ethereum&#8217;s PoS Merge"},"content":{"rendered":"\n<p>Summary:<\/p>\n\n\n\n<ul><li>Major derivatives marketplace CME Group announced an addition to its crypto offerings on Thursday.<\/li><li>The firm plans to launch options on Ether futures around September 12.<\/li><li>Users can already trade Bitcoin futures options and ETH futures via CME.<\/li><li>The news comes as demand for Ether options trading activity hit an eight-month high in August.<\/li><\/ul>\n\n\n\n<p>Chicago Mercantile Exchange (CME) Group, one of the world\u2019s leading platforms for crypto derivatives products, has <a href=\"https:\/\/www.prnewswire.com\/news-releases\/cme-group-to-launch-ether-options-on-september-12-301608253.html\" rel=\"nofollow noopener\">announced<\/a> the launch of options for Ether (ETH) futures on September 12, a few days before the Ethereum network transitions to a Proof-of-Stake consensus.&nbsp;<\/p>\n\n\n\n<p>According to Thursday\u2019s announcement, CME plans to provide a broader range of crypto offerings for customers with its latest addition. At press time, the service already boasts options for Bitcoin, as well as futures products for BTC and ETH.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">[DB] CME to Launch Ether Options on September 12<\/p>&mdash; db (@tier10k) <a href=\"https:\/\/twitter.com\/tier10k\/status\/1560250337918963714?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">August 18, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>CME\u2019s newest offering would feature contracts that deliver one ETH futures. The group revealed a 50 ETH per contract structure for interested investors.<\/p>\n\n\n\n<p>The firm\u2019s Global Head of Equity Tim McCourt said CME\u2019s latest product could tap extensive liquidity floating in the booming futures market. So far, the firm has traded over 1.8 million contracts with demand increasing ahead of the Merge.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>As we approach the highly anticipated Ethereum Merge next month, we continue to see market participants turn to <a href=\"https:\/\/www.forbes.com\/companies\/cme-group\/\" rel=\"noopener\">CME Group<\/a> to manage ether price risk.<\/p><\/blockquote>\n\n\n\n<h2>Ether (ETH) Open Interest Hits Record High Weeks Before The Merge<\/h2>\n\n\n\n<p>Ethereum has arguably assumed center stage in the world of digital assets. The network is on the road to a landmark moment as developers prepare for a <a href=\"https:\/\/en.ethereumworldnews.com\/ethereum-foundation-8misconceptions-merge\/\">switch<\/a> to a Proof-of-Stake consensus from a Proof-of-Work mechanism.<\/p>\n\n\n\n<p>While the price of ETH has hovered around the $1800 range over the past few days, open interest on ETH futures contracts on Binance hit an eight-month high. Data from Glassnode showed that ETH options peaked at around 4 million in August 2022, beating the previous record of 3.5 million.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img width=\"1024\" height=\"512\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/ETH-Open-Interest-1024x512.png\" alt=\"\" class=\"wp-image-574401\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/ETH-Open-Interest-1024x512.png 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/ETH-Open-Interest-300x150.png 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/ETH-Open-Interest-770x385.png 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/ETH-Open-Interest-1536x768.png 1536w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/ETH-Open-Interest-2048x1024.png 2048w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/ETH-Open-Interest-561x280.png 561w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/ETH-Open-Interest-1146x573.png 1146w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/ETH-Open-Interest-1476x738.png 1476w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/ETH-Open-Interest-269x135.png 269w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/ETH-Open-Interest-746x373.png 746w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/ETH-Open-Interest-1376x688.png 1376w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><figcaption>ETH Futures Contracts Open Interest On Binance (Source: Glassnode)<\/figcaption><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summary: Major derivatives marketplace CME Group announced an addition to its crypto offerings on Thursday. The firm plans to launch options on Ether futures around September 12. Users can already trade Bitcoin futures options and ETH futures via CME. The news comes as demand for Ether options trading activity hit an eight-month high in August. Chicago Mercantile Exchange (CME) Group, one of the world\u2019s leading platforms for crypto derivatives products, has announced the launch of options for Ether (ETH) futures [&hellip;]<\/p>\n","protected":false},"author":55,"featured_media":574404,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[823],"tags":[108223,1322,108215],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/574400"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=574400"}],"version-history":[{"count":2,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/574400\/revisions"}],"predecessor-version":[{"id":574405,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/574400\/revisions\/574405"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/574404"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=574400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=574400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=574400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}