Bitcoin Derivatives Action Swells: A Few June Futures Trade for $30K, Deribit Adds $140K Options Strike

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Bitcoin derivatives markets have seen significant demand over the past few months. At the same time, Bitcoin spot markets rose to an all-time high, rising 149% over the past three months. Just recently, the leading Bitcoin options exchange Deribit announced the start of strikes worth $ 120,000 and $ 140,000. Data from skew.com shows that some June futures are being swapped for $ 30,000.

Crypto derivatives were hot in 2020 as the demand on various trading platforms has skyrocketed this year. In late November, CME Group outperformed the competition, becoming the world’s largest Bitcoin futures provider that month.

In mid-December news.Bitcoin.com reported on the massive volume of the leading Bitcoin options exchange Deribit. Bitcoin’s daily option volume exceeded $ 1 billion, and Deribit launched a $ 100,000 option strike in September.

On December 26, 2020, Deribit tweeted about the addition of two more major option strikes. “We added the BTC 120K strike. We expect to add 140,000 tomorrow, ”said Deribit. “Our introduction policy includes strikes up to Delta 10,” added the exchange. Following that tweet, Deribit announced the additional strike sum of $ 140,000. “That was quick,” announced Deribit. “We just added the $ 140,000 BTC strike.”

In fact, Bitcoin options trading has increased over the past twelve months. “Bitcoin options have grown rapidly this year, and open interest is expected to exceed $ 10 billion in 2021,” derivative market analyst skew.com recently tweeted.

Bitcoin derivatives action swells: a couple of June futures trading for $ 30,000, Deribit adds $ 140,000 options strike

Data from skew.com shows that Deribit has the most open BTC options. This is followed by open positions on exchanges such as Okex, Bybit, CME Group and Ledgerx.

In terms of the aggregate daily volume of Bitcoin futures, Binance and Huobi have the highest volumes today. These two top futures exchange platforms are followed by the derivatives exchanges Bybit, Bitflyer, Okex, Bitmex and FTX.

Meanwhile, spot prices for Bitcoin (BTC) were extremely volatile on Sunday, rising to $ 27,800 during the early afternoon (EST) trading sessions. They also fell to $ 26,521 during the day.

In addition, skew.com tweeted that there are already some futures dealing with the $ 30,000 zone. “Some June futures [are] They are already trading> 30,000 USD, ”the researchers tweeted.

What do you think of the recent action in the bitcoin derivatives markets? Let us know what you think on this matter in the comments section below.

Tags in this story

120,000 USD, 140,000 USD, 30,000 USD, Binance, Bitcoin Derivatives, Bitcoin Futures, Bitcoin Options, BitFlyer, BitMex, BTC, Open Interest for BTC Futures, Bybit, CME Group, Deribit, Finance, Ftx, Huobi, Okex , Open Interest, Skew .com, Statistics, Volumes

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