Deribit Options Open Interest Reaches a New Record Level
Deribit, digital assets derivatives exchange, set a new record for options open interest on Thursday with a total of $37.6 billion in contracts for both Bitcoin and Ether. This milestone brings the total open interest on the platform to $40.8 billion.
According to Deribit CEO Luuk Strijers, the record-breaking open interest reflects not only the increasing value of cryptocurrencies, but also the growing adoption of options in the crypto derivatives market.
Both institutional and retail investors are turning to these instruments for their liquidity, robust hedging mechanisms, and precise risk management strategies.
Strijers believes that as more institutions get involved, the open interest will continue to grow, bringing more stability and maturity to the crypto derivatives industry.
Additionally, Deribit is seeing unprecedented trading volumes for both normal futures and perpetuals.
