Bitcoin Options Open Interest Climbs to Record $15B on Crypto Exchange Deribit
CoinDesk
20 Nov 2023 10:43 AM
The notional open interest in BTC options listed on Deribit rose to a record $15 billion last week as traders scrambled to take bullish exposure....
- Trading in bitcoin (BTC) options on Deribit has reached record levels, with notional open interest rising to $15 billion.
- This represents a significant increase from late September and surpasses the previous peak in October 2021.
- However, the current open interest has dropped to $13.8 billion.
- Deribit is the leading crypto options exchange, accounting for 87% of the global crypto options open interest.
- Options are becoming increasingly popular among traders for positioning, hedging, and leveraging volatility.
The article highlights the growing popularity of bitcoin options trading on Deribit, with record-breaking open interest. This indicates a positive sentiment towards the use of options as a strategic tool among traders.
You May Ask
What is the current notional open interest in bitcoin options on Deribit?How does the current open interest compare to the previous peak in October 2021?What is the significance of Deribit's market share in the global crypto options open interest?Why are options becoming increasingly popular among traders in the cryptocurrency market?How has the price of bitcoin influenced the demand for call options in recent months?