Open interest on Bitcoin derivatives reached an all-time high on Sunday

Sunday saw a new record for aggregated open interest on Bitcoin futures and options reached, according to data compiled by The Block Research. 

Bitcoin’s aggregated open interest futures reached $10.7 billion on January 3. OKEx reported the most in terms of aggregated open interest, encompassing 17.7%. Next were CME at 16.7% and Binance at 16.2%. 

Open interest options also reached a peak of $7.96 billion. The majority of options activity was on Deribit, accounting for 82% of the reported activity.

This report has been corrected to account for the time frame of the data provided in the graph.

About Author

MK Manoylov is a reporter for The Block covering NFTs, blockchain-based gaming and cybercrime. MK holds a graduate degree from New York University's Science, Health, and Environmental Reporting Program (SHERP).