Bitcoin Options Open Interest Hits $1bn on Deribit

Bitcoin Options Open Interest Hits $1bn on Deribit
фото показано с : beincrypto.com

2020-5-21 22:20

The value of Bitcoin options contracts currently open at derivatives exchange Deribit has reached $1 billion. It’s the first time ever that open interest in options at the trading venue has hit 10 figures.

On April 20, there were just $522 million worth of open contracts for the Bitcoin options offered by Deribit. Whilst the increasing open interest in options says little about which way traders are anticipating the price of the underlying asset to move, it does indicate a healthy market growing in liquidity.

In addition to the increasing open interest at Deribit, Bitcoin market analysis firm Skew also shows open interest growing across the major exchanges offering Bitcoin options. In recent weeks, open interest in CME Bitcoin options has also been increasing rapidly.

One month ago, there were just $10.4 million worth of open options at the exchange. Today, Skew reports $174 million in open interest in the derivative products.

Source: Twitter

Open interest in Bitcoin options over the last month has largely trended upwards in tandem with price. The price dip just before the third Bitcoin halving to date coincided with a temporary lull in open interest.

BeInCrypto recently reported on surging open interest in other Bitcoin derivatives. In fact, over the last 10 days, the value of open Bitcoin futures contracts across those exchanges offering them has doubled.

The post Bitcoin Options Open Interest Hits $1bn on Deribit appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Open Trading Network (OTN) на Currencies.ru

$ 0 (+0.67%)
Объем 24H $0
Изменеия 24h: 1.44 %, 7d: 12.76 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0053307 (-100%)

open options deribit interest bitcoin ever time

open options → Результатов: 98


Фото:

A Bug Making Ethereum Transactions on Exchanges Vulnerable Has Been Fixed

A bug centering around a new Ethereum token, GasToken, which was enabling abuse on cryptocurrency exchanges, appears to have been resolved. The details are provided in a report originally published on November 13, 2018, that discussed how the bug was exploited by attackers, and what digital platforms could do if they wished to protect their hot wallet funds.

2018-11-22 00:34


Фото:

AMA With Origin Team Reveals Plans for Decentralized Sharing Economy

Matt Liu, Josh Fraser and former PayPal head Yu Pan want to bring the blockchain to the sharing economy. The trio is devising a platform with an emphasis on inclusive, peer-to-peer service hubs designed to decentralize the same consumer cost-friendly business models that have made companies like Airbnb, Uber and Lyft so popular in recent years.

2018-8-16 23:25


Фото:

The SEC Is Delaying Another Bitcoin ETF Decision

The United States Securities and Exchange Commission (SEC) is in no hurry to review the pile of Bitcoin ETF filings it has been accumulating over the past year. Not three weeks since postponing its decision on five other Bitcoin ETFs, the SEC has indicated in a public statement that it will be delaying its decision to approve or reject SolidX Bitcoin Shares until late September.

2018-8-8 17:15


Фото:

Promoted: The Future of Online Shopping Is Powered by Spl.yt — A Decentralized E-Commerce Protocol

As a rapidly growing business sector, e-commerce continues to open up new avenues for exploring, comparing and purchasing products worldwide. Spl. yt, a smart contract protocol, aims improve the e-commerce system for buyers and sellers by automating functions currently performed by “middlemen” marketplaces like Amazon, eBay and Alibaba.

2018-7-16 19:45