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Data: Deribit's open option contracts reach $40.8 billion, setting a new historical high

Data: Deribit's open option contracts reach $40.8 billion, setting a new historical high

Bitget2024/11/15 00:24

The open interest of digital asset derivatives exchange Deribit hit a historical high on Thursday, with the open interest of Bitcoin and Ethereum contracts reaching $37.6 billion, and the total open interest on the platform reaching $40.8 billion.

Deribit CEO Luuk Strijers said: "The record-high open interest not only reflects price increases but also indicates an overall increase in adoption rates for cryptocurrency derivative options. Institutional investors and retail investors are increasingly turning to cryptocurrency options because they are attracted by the liquidity, powerful hedging mechanisms, and precise risk management strategies offered by this category of tools."

Strijers stated that as institutional participation deepens, he expects open interest to continue growing, which will add stability and maturity to the field of crypto derivatives.

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