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Three days before Ethereum\u2019s transition from proof-of-work (PoW) to proof-of-stake (PoS), the world\u2019s largest derivatives marketplace in terms of volume, CME Group, announced plans to list ethereum options. While CME\u2019s ether options product prepares for regulatory review, the company detailed that the options contract will be measured at 50 ether per contract, using the CME CF Ether-Dollar Reference Rate.<\/strong>\n<\/p>\n \n \u201cThese new contracts deliver one ether futures, sized at 50 ether per contract, and based on the CME CF Ether-Dollar Reference Rate<\/a>, which serves as a once-a-day reference rate of the U.S. dollar price of ether,\u201d the derivatives marketplace said on Thursday. CME\u2019s global head of equity and FX products, Tim McCourt, noted on Thursday that the new ether options contracts add to the company\u2019s existing lineup of crypto derivatives products.<\/p>\n \u201cThe launch of these new options contracts builds on the significant growth and deep liquidity we have seen in our existing Ether futures, which have traded more than 1.8 million contracts to date,\u201d McCourt said in a statement. The CME executive added:\n<\/p>\n 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. Our new ether options will offer a wide array of clients greater flexibility and added precision to manage their ether exposure ahead of market-moving events.<\/p>\n<\/blockquote>\n \nCME Group will join a number of exchanges that already offer ethereum options contracts including Deribit, Okex, Bit.com, and Huobi. In July there was $11.38 billion in ether options<\/a> volume with Deribit commanding $10.86 billion out of all four exchanges that list ETH<\/a> options. The market share of ether options open interest<\/a> is also dominated by Deribit, in comparison to open interest figures associated with Huobi, Okex, and Bit.com.<\/p>\n In terms of bitcoin options, Deribit also outshines CME as CME Group is the second largest<\/a> in terms of bitcoin options open interest with $441 million recorded on August 17. In the same fashion, CME is the third largest<\/a> in terms of bitcoin options volume while Deribit takes the lead. Okex manages to capture a touch more volume as far as bitcoin options are concerned.<\/p>\n With the new CME ether options, TP ICAP Digital Assets and Akuna Capital are supporting CME\u2019s ether options roll out. TP ICAP Digital Assets is excited to support CME Group in the rollout of its full-sized Ether options contract,\u201d TP ICAP\u2019s head of brokering Sam Newman remarked during the announcement. \u201cThis larger-sized Ether option, in tandem with the already popular Micro Ether option, has been eagerly awaited by TP ICAP\u2019s customers.\u201d<\/p>\nCME Group Reveals Ethereum Options Launch<\/h2>\n
\nThe Chicago Mercantile Exchange otherwise known as CME Group<\/a> revealed the company\u2019s intentions to list ethereum options contracts three days before The Merge on September 12, 2022. CME detailed that the new ether options join the firm\u2019s bitcoin (BTC<\/a>) options and micro-sized bitcoin and ether options contracts<\/a>.<\/p>\n\n