The world’s main derivatives exchange CME Group has introduced plans to launch Ether future choices on September 12. The new contracts will likely be based mostly on the CME CF Ether-Dollar Reference Rate, which is able to ship one contract at 50 ether per contract.
The CME group’s current Ether futures have traded greater than 1.8 million contracts until date. Tim McCourt, Global Head of Equity and FX Products, CME Group mentioned, “As we approach the highly anticipated Ethereum Merge next month, we continue to see market participants turn to CME Group to manage ether price risk.”
The new futures choices will offer CME prospects larger flexibility and added precision to handle their ether publicity forward of market shifting occasions.
CME Group’s current suite crypto choices contract contains Bitcoin choices, micro-sized Bitcoin and Ether choices.
The Ether futures buying and selling highlights of July information a mean day by day quantity of seven.9K contracts, and open curiosity of three.9K contracts.
Compiled by Coinbold