The Chicago Mercantile Exchange will launch options on Ethereum futures on September 12 ahead of The Merge. This will happen after the initiative is approved by regulators.

The transition of the blockchain of the second largest cryptocurrency to the Proof of Stake consensus algorithm with capitalization is expected on September 15-16.

“As the long-awaited Ethereum merger approaches, market participants are turning to CME Group to manage price risk. In this regard, the options will provide greater flexibility and additional precision.” Tim McCourt, head of equity and FX products at CME Group, said in a statement.

The new contract will correspond to an Ethereum future of 50 ETH.

Recall that on February 8, 2021 the platform added futures on Ethereum,

On December 6, it launched micro futures for the second-largest cryptocurrency by capitalization.

In March 2022, the exchange announced the emergence of options for micro futures based on Bitcoin and Ethereum.

At the end of July, influential Chinese miner Chandler Guo fork idea With the emergence of an extension of Ethereum, which will continue to work on the Proof-of-Work (PoW) algorithm. The resulting ETHW asset will allow miners to continue working after the merger.

Earlier, supporters of the Ethereum PoW fork called it “inevitable”. However, CoinShares experts were skeptical about the future of the cryptocurrency, calling it “impractical”.

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