Ethereum options trade volume surged in November to hit $1.76 billion for the month
November saw a significant jump in monthly trade volume for Ethereum options, according to data collected by The Block Research.
The November figure — $1.76 billion — represents a 153% increase from October’s $695 million. It’s the highest reported monthly volume, surpassing August’s record of $1.03 billion.
As highlighted in the graph above, Deribit continues to be the dominant market leader in terms of Ethereum options trade, accounting for some $1.64 billion. OKEx accounted for roughly $105 million of the monthly volume.
The Block Research’s Lars Hoffmann noted in a recent column that 2020 has seen a significant ramp-up in cryptocurrency options activity.
“2020 has been a significant year for cryptocurrency options. Overall, the market structure of centralized exchanges for options trading has matured — exemplified by the strong growth rates in both trade volumes and especially open interest,” Hoffmann wrote.
© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Michael McSweeney
