According to the latest Skew market analysis data, the total open interest in Bitcoin Options (BTC) as of June 9 exceeded $ 1.5 billion. This happens just a month after the open interest rate for the first time exceeded $ 1 billion, which is 50%. % increase of 33 days.
50% monthly growth led by players
The total open interest in Bitcoin options for the first time on May 7 was $ 1 billion. More than a month after that, Deribit’s open interest rate was $ 1.1 billion, and the total open interest rate exceeded $ 1.5 billion.
However, a 20% increase in Deribit from $ 903 million during the month was not the biggest story.
At present, the Chicago Mercantile Exchange (CME) has increased open interest in Bitcoin options by more than 850%. On May 7, it was $ 38 million, but by June 9, the Chicago Medical Exchange had registered $ 368 million in open interest.
CME target for krone alternatives?
According to Cointelegraph, open interest in CME bitcoin options grew only 1000% in the first half of May from $ 12 to $ 142 million.
Despite the impossibility of maintaining this growth level, the latest figures show that the momentum for options is running from the CME.
Among other major players in the BTC options market, LedgerX’s open interest remained virtually unchanged from May 7 at $ 52 million, while OKEx fell 15% to $ 65 million.
In this area, Bakkt also faced a fall in open interest from $ 80,000 to $ 68,000.
However, Deribit and CME indicators show that Bitcoin options are a rapidly growing market segment.