German derivatives exchange Eurex has announced the expansion of its portfolio, listing Ethereum-based futures and options index.

Eurex Exchange, a German derivatives exchange known for trading European-based derivatives, has announced the listing of Ethereum-based index products, citing a “significant trading and hedging demand from institutional and professional customers.”

In a Thursday announcement, the Deutsche Börse-backed derivatives exchange unveiled that its new product, FTSE Ethereum Index Futures and Options, is set to launch on Aug. 12, following the 2023 introduction of FTSE Bitcoin Index Futures and Options.

“There is significant trading and hedging demand from institutional and professional customers, as reflected in record trading volumes in derivatives and other …