- CME Group will launch futures contracts on Ethereum
- So the exchange wants to attract more investors before the ETH merge
They will start working from September
CME Group announced with September trading options on ETH futures. Now the application for this service has been submitted for consideration by the regulator.
Recall that CME Group is the largest operator of financial derivatives markets, including servicing the Chicago Mercantile Exchange.
According to the statement of the company, the size of Ethereum futures will be 12 ETH per contract. It will be based on the CME CF Ether USD reference rate. In addition, the provider already has other crypto-contracts – options on BTC and micro-options on BTC and ETH.
“The closer the long-awaited Ethereum merger, the more willingly market participants turn to CME Group for Ethereum Price Risk Management”
By According to Coinglass, open interest in ETH options on crypto exchanges 05 exceeded $8 billion in August. This is much more than open interest in MTC- options ( August it was $5,08 billion).
Open interest is a metric based on the total number of outstanding derivatives contracts owned by market participants at the end of the trading day. This is the most important indicator of market sentiment and price trends.
Recently, the most famous crypto philosopher Arthur Hayes shared his trading strategies regarding the ETH merger. Read the translation of his essay on our website.