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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.

By Zack Voell
AccessTimeIconJul 20, 2020 at 9:32 p.m. UTC
Updated Sep 14, 2021 at 9:33 a.m. UTC
Daily open interest for CME bitcoin options
Daily open interest for CME bitcoin options
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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. 
Open interest for CME bitcoin options year to date
Open interest for CME bitcoin options year to date
  • 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.

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