2023-5-16 22:01 |
Quick Take Derivatives at banks in the United States have seen a growth of 2,098% from 1992 to 2022, according to data from U.S. bank locations analyzed by CryptoSlate. The compound annual growth rate (CAGR) from 1992 to 2022 is 10.8% The current value of total derivatives in US banks is $192.874 trillion. The top three banks, Goldman Sachs, JP Morgan Chase, and Citibank, have a combined total of $150 trillion worth of derivatives. This is an important topic to bring to light, as we’ve had a regional banking collapse in the U.S. A lot of the major banks are propped up with trillions of dollars worth of derivatives; this can lead to a cascade with higher interest rates. There is currently $10 billion worth of futures open interest in Bitcoin, which was as high as $25 billion in 2021. Open interest is less than 2% of the Bitcoin market cap. It is paramount for a healthy bull run for derivatives to stay muted compared to spot volume. Banking : (Source: usbanklocations.com) OI % of market cap: (Source: Glassnode) Banking CAGR: (Source: usbanklocations.com)
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