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26 November 2020

Bitcoin Futures, Options, and Open Interest: Crypto Derivatives Break Records After the Halving  | Finance Bitcoin News

Bitcoin Futures, Options, and Open Interest: Crypto Derivatives Break Records After the Halving  | Finance Bitcoin News


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Bitcoin Futures, Options, and Open Interest: Crypto Derivatives Break Records After the Halving .

On May 14, CME Group saw the total number of outstanding derivatives contracts (open interest) touch a high of $142 million.

The research and analysis team from Skew.com publishes daily information about CME’s bitcoin futures and options, products from Bakkt, and a slew of other exchanges that offer crypto derivatives.

For instance, Skew detailed that the exchange Deribit’s bitcoin options open interest had touched $1 billion for the first time this week.

“The emergence of a futures and options market has created a new ecosystem for bitcoin markets, which faces its first supply cut since 2016,” CME Group’s The May 14, open interest breakout for CME Group’s bitcoin options was the first time it has ever crossed $100 million, Skew noted.

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