Fun

Bitcoin Derivatives Action Swells: A Few June Futures Trade for $30K, Deribit Adds $140K Options Strike

News Feed - 2020-12-28 06:12:47

Bitcoin Derivatives Action Swells: A Few June Futures Trade for $30K, Deribit Adds $140K Options Strike


Bitcoin derivatives markets have been seeing significant demand in recent months at the same time bitcoin spot markets climbed to all-time price highs and surged 149% during the last three months. Just recently the leading bitcoin options exchange Deribit announced the launch of both $120k and $140k strikes, and data from skew.com shows some June futures are swapping for $30k.


Crypto derivatives have been hot in 2020, as demand has skyrocketed on various trading platforms this year. At the end of November, CME Group outpaced the competition and became the world’s largest bitcoin futures provider that month.


In mid-December, news.Bitcoin.com reported on the leading bitcoin options exchange Deribit’s massive volume. Bitcoin daily options volume crossed $1 billion and Deribit introduced a $100k options strike for September.



Then on December 26, 2020, Deribit tweeted about adding two more large options strikes. “We’ve added the BTC 120K strike. We expect to add 140K tomorrow,” Deribit said. “Our introduction policy is adding strikes up to delta 10,” the exchange added. Following that tweet, Deribit announced the $140k strike addition. “That was quick,” Deribit announced. “We just added the BTC $140K strike.”


In fact, bitcoin options trading swelled in growth during the last twelve months. “Bitcoin options grew quickly this year with total open interest set to exceed $10bln in 2021,” the derivatives markets analytics provider skew.com recently tweeted.



Data from skew.com shows that Deribit commands most of the aggregate BTC options open interest. This is followed by open interest from exchanges like Okex, Bybit, CME Group, and Ledgerx respectively.


As far as bitcoin futures aggregated daily volumes are concerned, Binance and Huobi command the top volumes today. These top two futures exchange platforms are followed by the derivatives exchanges Bybit, Bitflyer, Okex, Bitmex, and FTX.


Meanwhile, bitcoin (BTC) spot prices have been extremely volatile on Sunday skyrocketing to $27,800 during the early afternoon trading sessions (EST) and dipping down to the $26,521 range during the day as well.


Moreover, skew.com tweeted that there are some futures looking at the $30,000 zone already. “Some June futures [are] already trading > $30k,” the researchers tweeted.


What do you think about the bitcoin derivatives markets action lately? Let us know what you think about this subject in the comments section below. "Unprecedented" Institutional Demand for Bitcoin: Bitgo"s Custodied Assets Top $16 Billion, No Paypal Deal FINANCE | 1 day ago Major Producer Nornickel Issues Its First Metal Contract-Backed Digital Coins FINANCE | 2 days ago Tags in this story $120k, $140k, $30K, Binance, Bitcoin Deravitives, bitcoin futures, bitcoin options, bitFlyer, BitMex, BTC, BTC Futures open interest, Bybit, CME Group, deribit, Finance, ftx, Huobi, Okex, Open Interest, Skew.com, Stats, Volumes


Image Credits: Shutterstock, Pixabay, Wiki Commons Use Bitcoin and Bitcoin Cash to play online casino games here. Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

Meme Coin BONK Faces Price Correction: Can Bulls Regain Control?
Este artículo también está disponible en español. BONK, the vibrant meme coin, is encountering a price correction after a strong bullish run, raising questions about the
Prashant Jha4 hours agoSushi to test Bitcoin swaps and Opyn DeFi protocol founders cave to CFTC pressure: Finance RedefinedSushi is set to test Bitcoin swaps on 30 different blockchains using the interpretability protoco
Save Thousands In Taxes by Harvesting NFT Losses – CoinLedger Explains How
Save Thousands In Taxes by Harvesting NFT Losses - CoinLedger Explains How sponsored There’s a silver lining to the crash in the NFT market — millions of dollars of po
Coinbase shares rise 3% as Q2 crypto trading doubles from last year
Brayden Lindrea8 hours agoCoinbase shares rise 3% as Q2 crypto trading doubles from last yearCoinbase has marked its third consecutive quarter in the black, with its net revenue and trading volumes jumping 108% and 145%,
Ripple and CEO Brad Garlinghouse Face Another Lawsuit Over XRP Crypto Being a Security
Ripple and CEO Brad Garlinghouse Face Another Lawsuit Over XRP Crypto Being a Security Another class-action lawsuit has been filed against Ripple Labs and CEO Br
Canadian Police Launch Cryptocurrency Investigations Center
Canadian Police Launch Cryptocurrency Investigations Center The police service of the Canadian city of Calgary is launching a Cryptocurrency Investigations Centre in partnership wi
Digital Ruble to Give Russians What They Need, Bank of Russia Governor Says
Digital Ruble to Give Russians What They Need, Bank of Russia Governor Says The digital ruble is what Russian citizens need as it will facilitate inexpensive and reliable payments,
Bitcoin long liquidations hit $300M as BTC price falls to $62K
Nancy Lubale2 hours agoBitcoin long liquidations hit $300M as BTC price falls to $62KA flash crash in Bitcoin price on shorter timeframes induces panic among leveraged long traders, but analysts believe it’s a short-te
Ethereum Golden Cross Approaching – Will History Repeat?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Turkey proposes aligning crypto legislation with international standards
Prashant Jha15 hours agoTurkey proposes aligning crypto legislation with international standardsThe draft law aims to govern crypto asset service providers, crypto asset platform operations, crypto asset storage, and cry
Central Bank of Bolivia Selling Dollars Directly to Citizens as Devaluation Fears Rise
Central Bank of Bolivia Selling Dollars Directly to Citizens as Devaluation Fears Rise The Central Bank of Bolivia is now selling dollars directly to citizens in order to curb what
‘Feels surreal’ — Bitcoin sticks to $68K as market ignores 200K BTC US election pledge
William Suberg11 hours ago‘Feels surreal’ — Bitcoin sticks to $68K as market ignores 200K BTC US election pledgeBTC price gains fail to materialize as Donald Trump and others promise to build a giant Bitcoin strate