The World’s Largest Derivatives Exchange Made a Statement About Ethereum!

CME Group, a leading derivatives exchange, Ethereum (ETH) announced that it plans to launch options contracts for

Options and futures are types of derivatives that offer investors a different way to speculate risk on a particular asset.

Futures contracts force their holders to buy or sell an asset on a specific date; options contracts do the same, but do not force the holder to buy or sell (it just gives the option to do so).

CME Group Launches Ethereum Options Contracts After High Demand

Going by this logic, Ethereum options contracts will allow traders to buy or sell the world’s largest altcoin by market capitalization at a specified future date.

The recent high volume of CME Group’s Ethereum futures product has been the main reason for the options finally being rolled out.

Tim McCourt, the firm’s head of global equities and FX products, said that ETH futures “recorded a 43% year-over-year increase in average daily volume.”

The launch of the options product will provide more flexibility for investors in the derivatives market.

McCourt, “The launch of our new Ethereum options contracts, cryptocurrency “This is a particularly good time to offer our community a new key tool to gain access to ETH and manage their exposure to ETH.”

McCourt also cited the Merge event, which will take place this weekend, as one of the main reasons behind such high demand.

*Not investment advice.