CME Group, the world’s premier derivatives marketplace, announced today that options on ether futures would be available on September 12, subject to regulatory approval. These new contracts yield one ether future, with a contract size of 50 ether.
CME Group’s existing suite of cryptocurrency option contracts, which includes Bitcoin options and micro-sized Bitcoin and Ether options, will be expanded with these new contracts.
“As we get closer to the much-anticipated Ethereum Merge next month, market participants continue to look to CME Group to manage ether price risk.” Our new ether options will provide a broader range of clients with better flexibility and precision in managing their ether exposure ahead of market-moving events.”
TP ICAP Digital Assets is thrilled to be assisting CME Group with its full-sized Ether options contract launch. Customers at TP ICAP have been eagerly awaiting this larger-sized ether option, which joins the already popular Micro ether option, according to Sam Newman, Digital Assets Head of Brokering at TP ICAP. “With the imminent Ethereum protocol merge, we anticipate tremendous interest in this new contract from both traditional and crypto-native clients.”
TP ICAP Digital Assets, as part of the world’s largest IDB, has supported CME Group’s cryptocurrency suite from its inception in 2019. It will continue as we move into the next phase of institutional adoption. “Akuna is thrilled to support CME Group’s introduction of Ether options,” stated Ryan Duckworth, Akuna Capital’s Head of Trading – the US.
“As the demand for crypto derivatives grows, we look forward to providing customers with the liquidity they require to manage their ether exposure and hedge risks.” CME Group’s standard- and micro-sized ether futures contracts have grown tremendously and continue to serve clients with continuous liquidity, volume, and open interest.
July’s average daily importance (ADV) of 7.9K contracts and genuine interest (OI) of 3.9K contracts were highlighted in ether futures trading. The July OI increased by more than 7% compared to June. ADV of 6.7K contracts in Q2 and OI of 3.5K contracts. ADV increased by more than 27% in Q2 compared to Q1. July ADV of 25.7K contracts, up more than 41% from June, and July OI of 47K, up 43% from June, are the highlights of Micro Ether futures trading. The ADV of 21.3K contracts in Q2 was a record, up 12% from the previous quarter. OI reached a new high of 47.8K contracts, marking a more than 34% increase over Q1.
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