The world of cryptocurrency derivatives is witnessing a surge in open positions, with CME and Deribit setting new records, underlining the growing interest and activity in the Bitcoin market. Here are the details…
CME Bitcoin futures are at record highs
Vetle Lunde, senior analyst at K33 Research, recently reported that CME’s Bitcoin futures positions have reached a historic milestone. On October 24, Lunde noted that CME saw a net increase of 4,380 BTC in Bitcoin futures positions. Total Bitcoin futures positions on the platform have now reached an impressive 100,375 BTC. This significant growth highlights the growing interest in cryptocurrency futures, especially Bitcoin.
The increase in CME’s Bitcoin futures positions is notable not only for its size, but also for its increasing market share in the Bitcoin derivatives industry. CME’s market share increased to 25%, bringing it close to Binance, which has 29% of the market. This shows that traditional financial markets have made a significant entry into the cryptocurrency world.
Last day for $2.8 billion in Deribit options is Friday
On the same day, cryptocurrency options trading platform Deribit made a striking announcement on social media. Deribit announced that its open positions in cryptocurrency options are increasing rapidly. Notably, BTC options on Deribit are currently worth a staggering $12.4 billion. Even more impressive, $2.8 billion of these options will expire this Friday, adding a sense of urgency and expectation to the market.
ETH options on Deribit aren’t bad either, with $6.5 billion in open interest. $1.5 billion of this is scheduled to expire this Friday, making it an important date for traders in the Ethereum options market. These figures show the growing popularity of investors in cryptocurrency options. Also, according to many users, the numbers are nothing short of impressive. The records broken simultaneously by CME and Deribit highlight the growing interest in cryptocurrency derivatives and the ever-growing role these markets play in the cryptocurrency ecosystem. Significant open positions and upcoming expirations indicate a high level of market enthusiasm and expectation.
BTC price rose
Meanwhile, cryptokoin.com As we reported, the price of BTC skyrocketed. Today morning, the largest crypto rose above $35,000. Thus, it broke the record of the last 1.5 years. Just yesterday it was trying to hold on above $30,000. Therefore, the price increase had a profound and positive impact on the market.
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