The size of the Bitcoin derivatives market exceeded $6 billion for the first time.

The size of the Bitcoin derivatives market exceeded $6 billion for the first time.

18.11.2020
derivativov_bitсoin

Against the background of the growth in the rate of the first cryptocurrency, trading volumes in bitcoin derivatives reached record levels.

The volume of open positions in the Bitcoin futures market reached $ 6.29 billion. The volume of open positions on the CME Group platform, which was launched at the end of 2017, reached $ 975.5 million, and this is a historical record.

Bitcoin futures

Note that the growth in the volume of open positions is not too surprising, because this indicator is tied to the price of the asset, therefore, when Bitcoin grows, the volume of open positions also grows.

The Bitcoin options market also showed significant growth and reached a new record. The total volume of open positions on these products for Bitcoin amounted to $ 3.8 billion.

At the same time, if in the Bitcoin futures market the volumes are distributed more evenly between the platforms, then the Deribit platform is the leader in the options market. As of November 17th, $ 3 billion of Bitcoin options were opened on this platform.

Bitcoin options

Bitcoin price continues to rise. On November 17, the rate of the first cryptocurrency reached $ 17,000, and on the morning of November 18 – $ 18,100. At the time of publication, Bitcoin is trading at about $ 17,800.

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