Deribit exchange sees record Bitcoin options ‘open interest’ of $1B

posted 11 days ago
Bitcoin’s option market continues to grow, signaling an increased influx of sophisticated traders and institutions into the crypto space. Open interest (or open positions) in options listed on the Panama-based Deribit exchange jumped to a record high of $1 billion Tuesday. Each option contract on Deribit represents one bitcoin. On Tuesday, 101,000 options contracts were open on Deribit, the world's largest exchange by options trading volume.

Deribit's chief compliance officer Luuk Strijers said “The new record is driven by market sentiment, an increased number of diverse global participants on Deribit and the efforts made by our various partners and us to provide a premier quality market…” The growth in open interest is primarily being driven by options expiring next month.
Tags: bitcoin, news