CME Group plans to launch options on ETH futures prior to the Merge
The group reported it had observed an increase in trading volume and open interest for ETH futures and micro-sized ETH futures options, possibly in anticipation of the Merge.
The group reported it had observed an increase in trading volume and open interest for ETH futures and micro-sized ETH futures options, possibly in anticipation of the Merge.
The futures options, expected to start trading on Aug. 29, followed the CME Group launching micro-sized Bitcoin and Ether options in March.
The trading of Bitcoin and Ether futures on CME remained elevated in the second quarter, with daily open interest hitting all-time highs.
Bitcoin’s failure to break above $22,000 on July 8 opened room for bears to score a $100 million profit in this week’s options expiry.
The absence of a CME Bitcoin futures premium, unrelenting record-high inflation and investor concerns over the economy are all factors weighing on BTC price.
Bitcoin leverage traders show little interest in going long even as BTC price flirts with new lows below $29,000.
During his time at the CME Group, Bruce Fekrat regulated crypto reference rates and helped in the development of financial products, including BTC and ETH derivatives.