Bitcoin Options Volume on Deribit Already 25% of 2020 Total

Daily volume for bitcoin options have hit lifetime highs on crypto derivatives exchange Deribit.

Last week, ethereum options volume surpassed bitcoin’s for the first time on the digital currency derivatives exchange Deribit. Further, the trading platform recently introduced a $50k ETH strike for March 2022 and explained the $50k call is “gaining immediate buy traction.” Ethereum Options Volume Grows Exponentially, $50K Strike Flexes Muscle When it comes to bitcoin (BTC) derivatives, the trading platform Deribit captures the lion’s share of today’s options volume. The cryptocurrency exchange also features bitcoin futures and ethereum options as well.....

Bitcoin trades above $19,000 as ether options volume on exchange Deribit spikes.

Open interest for Bitcoin options almost touched $6 billion. Amid an ongoing bull run of Bitcoin (BTC), Bitcoin options are hitting a new historical milestone. Bitcoin options are derivative contracts that grant the holder the right, but not the obligation, to buy or sell BTC at a predetermined price.According to data from Skew, Bitcoin options volumes crossed $1 billion on Dec. 16. Skew announced the news Thursday on Twitter, noting that Bitcoin options saw its “first $1 billion day.”Deribit, a major global crypto futures and options exchange, had the largest BTC options volume on the day....

$540 million in Bitcoin options open interest will expire on Friday, and a $93 million imbalance shows bears are taking control. On Dec. 11, a total of $540 million in Bitcoin (BTC) options open interest is set to expire. This number mimics the past month's $525 million options expiry, as monthly and quarterly options typically concentrate the most volume. Although both dates present somewhat unusual activity, this time around, bears seem in control. Data also shows that the Bitcoin bulls appear to have become too optimistic.Currently, the exchange Deribit holds 85% market share for....