The post Bitcoin Breakthrough: Options Trading Hits Record $17.5 Billion appeared first on Coinpedia Fintech News
In a significant shift, Bitcoin’s options market has surpassed its futures market, reaching a notional open interest of $17.5 billion, compared to the $15.84 billion in the futures market. This development signifies a maturing market and an increasing presence of sophisticated traders.
As reported by Coinglass, the surge in Bitcoin’s value, doubling this year, has sparked renewed interest in the cryptocurrency market, driven by factors such as safe-haven demand, excitement around spot ETFs in the US, and expectations related to the Federal Reserve. While initial activity focused on Bitcoin’s spot and futures markets, options have gained prominence due to their affordability in betting on price movements.
The US dollar value locked in active options contracts is $17.39 billion, nearly 10% higher than futures open interest. This data highlights a growing preference for
We współpracy z: https://coinpedia.org/price-analysis/bitcoin-breakthrough-options-trading-hits-record-17-5-billion/
