Bitcoin Options Saw Record Volume of $198M Amid Recent Price Drop
Trading volume records in bitcoin’s options market were smashed on Monday as investors scrambled to hedge their positions amid the selloff.
Open interest for CME bitcoin futures made a new all-time high of just under $500 million on Friday. CME’s bitcoin futures market are growing faster than nearly every other bitcoin futures market on a percentage and real growth basis.
Spot and futures markets reflect the strong bullish sentiment of American investors.
Malta-based cryptocurrency exchange OKEx rolled out option contracts on Ethereum’s ether (ETH) token on Thursday, ending the Panama-based Deribit’s virtual monopoly in the space.
Binance has been offering "generous" referral bonuses for its new crypto mining pool.
As institutions unload bitcoin, crypto’s traditional base – retail investors – is doing most of the buying, market participants said.