Data: Deribit options open interest reaches 40.8 billion USD, setting a new historical high

2024-11-15 08:14:36

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

Deribit CEO Luuk Strijers stated, "The record high open interest not only reflects the price increase but also indicates a higher overall adoption rate of options in the cryptocurrency derivatives space. Institutional and retail investors are increasingly turning to cryptocurrency options as they are attracted by the liquidity, robust hedging mechanisms, and precise risk management strategies offered by this category of instruments."

Strijers noted that with the deepening of institutional participation, he expects open interest to continue to grow, which will add stability and maturity to the crypto derivatives space.

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