Open interest on Ethereum derivatives hit an all-time high on Sunday

Ethereum • January 5, 2021, 12:10PM EST

The aggregated open interest on Ethereum (ETH) options and futures broke records this past weekend, according to data compiled by The Block Research.

Ethereum futures peaked at $2.65 billion on January 3, growing 28.6% from December’s peak. Binance held the largest share at 23.8%, with OKEx in second place with 17.8% and Huobi’s 14.4% in third.

Aggregated open interest options on Ethereum also reached an all time high on Sunday at $1.22 billion, with Deribit holding the largest share at 86.8%.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.