Bitcoin Options Open Interest Climbs to Record $15B on Crypto Exchange Deribit
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.