CME Bitcoin Options Flatline After Record Growth in June
Less than 0.2% of Friday's daily options trading happened on CME, according to data from Skew.
:format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/Z65RGZ5TX5GIPHGFEJTM4FWNBM.png)
Daily open interest for CME bitcoin options
Bitcoin options trading on CME has flatlined after the exchange experienced massive growth and a record-breaking expiry last month.
- CME’s bitcoin options open interest has grown barely 10% in July to $167 million at last check.
- Less than 0.2% of Friday’s aggregate bitcoin options trading occurred on CME, according to Skew.
- Open interest on Deribit, which represented 93% of Friday's bitcoin options trading volume, has grown roughly 30% in July to $1.1 billion, down from $1.3 billion before the June expiry.
:format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/A74AVSVGVFG6VFHK3VQT4HJKWI.png)
- CME bitcoin options market grew 10x within a 30-day period between May and June on the heels of record-breaking growth in its bitcoin futures market.
- Bitcoin is the only cryptocurrency traded on CME Group, and the exchange currently has no plans to launch additional cryptocurrency markets.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.