Chionodraco myersi was first formally described in 1960 by the American ichthyologists Hugh Hamilton DeWitt and James Chase Tyler II with the type locality given as off Terra Nova Bay in the southwestern Ross Sea.

[2] The specific name honours the American ichthyologist George S. Myers in recognition of the support he gave to the Stanford Antarctic Biological Research Program of 1958-1959, on which the type was obtained.

[3] Chionodraco myersi has a low knob on its snout rather than a spine and lacks the roughened ridges above the eyes shown by C. hamatus.

[1] Chionodraco myersi adults have a diet consisting of fish, particularly the Antarctic silverfish (Pleuragramma antarctica) and euphausiids (krill) (e.g. Euphasia crystallorphia).

[5] Chionodraco myersi is one of the most abundant species of crocodile icefish in the Ross Sea;[4] however, it is of no interest to commercial fisheries.