Data: Deribit's open option contracts reach $40.8 billion, setting a new historical high
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Top 5 gainer today: NS 24-hour increase of 7861.33%
Overview of Important Developments on November 15th at Noon
Trump ally proposes: Sell part of the Federal Reserve's gold, buy Bitcoin