The world's largest derivatives marketplace Chicago Mercantile Exchange, CME Group Inc., announced on Monday that it launched options on Ether futures.
"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," Tim McCourt, CME Group Global Head of Equity and FX Products, stated adding that the new options will provide "the crypto community with another important tool to gain access to and manage exposure to ether."
CME Group noted that the launch will allow the users "greater flexibility to trade and hedge their Ether price risk."
