Ether Futures and the Merge

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The Street

By Payal Shah, CME Group The Ethereum merge is fast approaching. Here’s what that means for futures markets. One of the most anticipated and important developments in crypto history is happening in September. The Ethereum merge will affect the second largest blockchain network by market capitalization ($200 billion) with nearly $40 billion in value locked in decentralized finance (DeFi) projects when it changes its block consensus mechanism from Proof-of-Work (PoW) to Proof-of-Stake (PoS). A Defining Moment for CryptoVirtual currencies like bitcoin and ether are built on widely agreed “consens…

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