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

Elizabeth Warren Blames ‘Crypto Risk’ for Silvergate Bank’s Liquidation, Critics Dismiss Senator’s Claims as ‘Terribly Misinformed’
Elizabeth Warren Blames ‘Crypto Risk’ for Silvergate Bank"s Liquidation, Critics Dismiss Senator’s Claims as ‘Terribly Misinformed’ After Silvergate Bank announced its vo
Bitcoin ATM Locations Surge to Over 7700 Worldwide Amid Global Crisis
Bitcoin ATM Locations Surge to Over 7700 Worldwide Amid Global CrisisThe number of bitcoin ATM locations has been growing rapidly amid nationwide lockdowns and the coronavirus crisi
Report Says Binance Shared Client Data With Russia, Crypto Exchange Denies Allegations
Report Says Binance Shared Client Data With Russia, Crypto Exchange Denies Allegations Cryptocurrency exchange Binance has been accused in a media report of agreeing to provide use
Binance returns to India as registered crypto exchange following 7-month ban
Arijit Sarkar2 hours agoBinance returns to India as registered crypto exchange following 7-month banBinance returns to India after registering with the FIU-IND, marking its “19th global regulatory milestone.”662 Tota
Facebook CEO Mark Zuckerberg to Testify Before Congress Over Libra Crypto
Facebook CEO Mark Zuckerberg will defend the Libra cryptocurrency project before U.S. lawmakers later this month. The House Financial Services Committee announced Wednesday that Zuc
Turkey’s Inflation Jumps to 36%, Lira’s Value Plummets, Citizens Flock to Stablecoins
Turkey"s Inflation Jumps to 36%, Lira"s Value Plummets, Citizens Flock to Stablecoins The Republic of Turkey’s economy and the country’s native fiat currency the Turk
Troubled Crypto Exchange FTX Files for Chapter 11 Bankruptcy Protection, CEO Steps Down
Troubled Crypto Exchange FTX Files for Chapter 11 Bankruptcy Protection, CEO Steps Down The embattled crypto exchange FTX has informed the public that the FTX parent firm West Real
KuCoin Labs Invest in Huobi-Backed SocialFi Platform to Expand Into Metaverse and NFT Space
KuCoin Labs Invest in Huobi-Backed SocialFi Platform to Expand Into Metaverse and NFT Space press release PRESS RELEASE. The latest strategic investment in emerging SocialFi startup
Lawmakers Want Answers From IRS, Citing Major Issues With Crypto Tax Guidance
Lawmakers Want Answers From IRS, Citing Major Issues With Crypto Tax Guidance Eight lawmakers have sent a letter to the IRS seeking answers to new questions stemming from the lat
Biggest Movers: Monero, Cosmos Slip on Thursday, as Crypto Economy’s Red Wave Returns
Biggest Movers: Monero, Cosmos Slip on Thursday, as Crypto Economy"s Red Wave Returns With cryptocurrency markets falling on Thursday, XMR and ATOM were two of the biggest movers d
Revolut Launches Banking Services in Spain Featuring Deposit Insurance
Revolut Launches Banking Services in Spain Featuring Deposit Insurance Revolut, a leading fintech platform and neobank, has received a special banking license to operate in Spain.
Worldcoin: Trail of Bits audit shows no vulnerability for Orb software
Christopher Roark9 hours agoWorldcoin: Trail of Bits audit shows no vulnerability for Orb softwareA third-party project audit reportedly claimed that Orb devices do not record users’ iris codes onto persistent memory a