October was a massive month for bitcoin options
Bitcoin options interests reach new heights in October, according to data compiled by The Block Research.
The aggregated open interest of bitcoin options reached an all-time high of $2.4 billion by the end of October, a month-over-month increase of 54.7%. On October 29, the open interest of Bitcoin options hit a new daily all-time high of $2.6 billion.
Source: skew, The Block Research
The monthly volume of bitcoin options reached a new all-time high as well. It increased by 46.4% on a month-over-month basis from $3.9 billion to $5.8 billion.
Source: skew, The Block Research
Deribit continues to maintain its dominance in the bitcoin options market, making up 89.5% of last month’s volume.
© 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: The Block
