FTX Has No Plans To Halt Or Settle ETH Futures Before The Merge

The Ether (ETH)-related derivatives markets would not be impacted before the merger, crypto spot and derivatives exchange FTX informed customers on Tuesday. The platform, with its headquarters in the Bahamas, explained in a blog post that it would neither suspend nor settle ether derivatives like futures and perpetual before the integration and planned to continue active trading throughout the event. It is believed that the Ethereum merge that will change the blockchain from Proof-of-Work (PoW) to Proof-of-Stake (PoS) will go live in the upcoming months. FTX stated in a statement, “FTX has no plans to halt or settle ETH futures before the Merge, and we will do our best to support continuous trading.” FTX's response to the Merge Details: https://t.co/QiQYpbv8he pic.twitter.com/drAwbGoyqm — FTX (@FTX_Official) August 9, 2022 The exchange also said that once the merging is complete, its Ethereum futures and perpetual contracts, ETH-0930, ETH-1230, and ETH-PERP, would track the price of PoS Ether. FTX – The Second-Largest Cryptocurrency Exchange According to CoinGecko, FTX is the second-largest cryptocurrency exchange in daily derivatives trading volume. The exchange has supported derivatives contracts worth $7.5 billion over the past 24 hours. In addition to other crypto assets, the company offers futures and perpetual contracts with Ether as its underlying asset. When FTX announced today, the total open interest in Ether futures...