Open interest in Bitcoin derivatives hit new highs this week
UPDATED: July 14, 2021, 12:08PM EDT
<span class="acf-media-credit"><span class="acf-credit"><span class="acf-credit"><a href="https://www.theblockcrypto.com/" target="_blank">The Block</a></span></span></span>
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This week saw open interest in bitcoin options and futures surge to new highs, according to data collected by The Block Research.
On Sunday, open interest for bitcoin options reached $4.81 billion. Open interest refers to the total amount of contracts that have yet to be settled at a given time.
Eighty-one percent of bitcoin options open interest was on market leader Deribit, followed by Bit.com (6%) and CME (5.4%).
Open interest on Bitcoin futures reached $7.38 billion, a new high, the following day, per the data. OKEx led the way at 18.9%. Binance and CME were nearly tied at 15.6% and 14%, respectively.
