Trading volume for bitcoin and ether options grew 443% in 2021

The combined trading volume of bitcoin (BTC) and ether (ETH) options increased 443% in 2021, according to The Block Research.

In absolute numbers, the combined trading volume of bitcoin and ether options was over $387 billion in 2021, based on data as of December 27. Last year, bitcoin and ether options saw a combined trading volume of over $71 billion.

Deribit is the market leader for both bitcoin and ether options trading markets, having a giant share of over 90% as of December 27. 

In addition to bitcoin and ether options, bitcoin and ether futures also saw a record trading volume in 2021. Their combined trading volume surged over $32 trillion in 2021 compared to over $7 trillion in 2020, representing a massive growth of 338%.