Chicago Mercantile Exchange (CME) Group, a leading derivatives exchange, released a statement announcing its plans to launch options on Ether futures on September 12, pending regulatory review.

Tim McCourt, Head of Global Equities and FX Products at CME group, stated that the addition of new ETH futures will increase the growth and liquidity seen in existing Ether futures, which have traded more than 1.8 million contracts to date.

   “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 range of clients greater flexibility and added sensitivity to manage their ether exposure before market volatile events. "

chicago cme group

Ahead of Ethereum's Merge, scheduled for September 15, CME Group will include ETH futures options and also expand the 'CME Group's existing suite of Cryptocurrency options contracts, which includes Bitcoin options as well as micro-size Bitcoin and Ether. signed.

Ether futures to be launched in September are valued at 50 ETH per contract based on the CME CF Ether-Dollar Reference Rate, which serves as the reference rate of the US dollar price of ETH per day.

Tim Beiko, one of the core developers of Ethereum, confirmed in a tweet yesterday that the Mainnet is ready to merge with the beacon chain. In less than a month, if all goes well, the Ethereum blockchain will be upgraded from proof-of-work (PoW) to a more energy-efficient proof-of-stake (PoS) mechanism. The checklist is for Ethereum developers to check specifications, testing, testnets, and R&D. The last testnet Goerli went live a while ago and was successful. According to Beiko, things like the implementation of software and upgrades for the consensus and execution layer, validation of the Engine API, and publication of public documentation have all been checked.