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Daily volumes for bitcoin options hit a new all-time high on Deribit, the exchange that shows no signs of giving up its market leader position.
- The Panama-based derivatives exchange tweeted Tuesday morning that over 47,500 contracts for bitcoin options traded in a single day on Monday.
- Deribit said the total value of these contracts came to $539 million.
- This is well over double the exchange’s previous all-time high of $196 million reached on May 10 – the day of the bitcoin halving.
- Deribit remains the single-largest player in the crypto options space, a market it pretty much founded in 2016.
- Data from Skew shows Deribit currently makes up around 88% of total bitcoin options volumes.
- Bitmain spin-off Matrixport, which launched a derivatives exchange Monday, said it wanted to take market share from Deribit.
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https://www.coindesk.com/deribit-bitcoin-options-traded-biggest-day
