Open interest in bitcoin options exceeded $ 1.5 billion

06/10/2020

Alex Kondratyuk

Number of open positions(open interest, OI) bitcoin options broke the $ 1.5 billion mark.

In the chart below, you can see that in June, the OI renewed its all-time high, largely due to increased activity on the regulated exchange CME:

Data: skew

According to The Block, over the past month, open interest on CME has grown by $ 150 million.

In this segment of the market, the Deribit exchange continues to lead. It accounts for 77% of the aggregated OI.

The CME market share is growing rapidly, as is the entire Bitcoin options segment.

Compared to April, the total BTC options trading volume increased by more than 100% in May.

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Unlike options,in the futures marketThe situation is still more or less stable. According to the latest CFTC report, open interest on the CME stands at 8,824 contracts (up from 8,722 on May 26).

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As before, large players keep mostly short positions, while small market participants sit long.

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Recall that at the end of May, OI on the Deribit exchange reached $ 1 billion for the first time in history.