The exchange will allow traders to make bets and manage risk ahead of the Ethereum Merge.
The offering will add to CME’s existing crypto products, which include bitcoin and ether futures, and bitcoin options.
“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,” Tim McCourt, global head of equity and foreign-exchange products at CME Group, said in the statement.
“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,” he added.
This article was originally published on coindesk.com