Ethereum Options Trade Volume Exceeds Bitcoin’s, Deribit Introduces a $50K ET...
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.....
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While Ethereum created history by taking over Bitcoin in the options market, the ETH futures contract entered price backwardation. Ether (ETH) has taken over Bitcoin (BTC) in the options market for the first time in history as the open interest (OI) of Deribit Ether options with a value of $5.6 billion exceeded the OI of Bitcoin options worth $4.6 billion by 32%.OI is calculated by adding all the contracts from opened trades and subtracting the contracts when a trade is closed. It is used as an indicator to determine market sentiment and the strength behind price trends. Deribit is the....
Daily volume for bitcoin options have hit lifetime highs on crypto derivatives exchange Deribit.
$14.5 billion in bitcoin options have traded on Deribit in the first two weeks of 2021.
Bitcoin trades above $19,000 as ether options volume on exchange Deribit spikes.
A week ago last Thursday, Deribit made newsby introducing call and put options at the $100,000 strike price.