The open interest on Deribit is over 80 %, or 100,000 Bitcoin
Deribit is currently the largest trading platform for Bitcoin options. Of the shares in the open interest in the market is nearly 80 %
The crypto-Derivatives-stock exchange Deribit recorded in the area of the open Bitcoin positions values of current record. With a market share in the area of the BTC options the platform is currently in the Index, with 78% of the most dominant market participants.
The “open interest” to option contracts on the stock exchange Deribit reached on 20. May a volume of 100,000 BTC or nearly 970 million dollars.
The crypto-data-provider Skew estimates to the exchange-values that far ahead of the competition are: 2nd place with 14 % of the CME, LedgerX bringing it to 4 %. Bakkt and OKex not reach, in turn, a share of 1 %.
From a current token data market commentary a imposing Deribit-a result, at the option of the market for March 2020. This can be explained both by the large Option quantities, as well as the open market interest. According to the data provider, the strong recovery in the option stock market after a rather weak Start back in the market, also due to the fact that the interest will increase gradually.
Deribit himself explains his good performance with the quality of its products, the communities have to offer Investors, especially a lot to. The self-assessment is based Tokendatas view, the stock market safe for a infrastructure optimisation is a massive acceptance of and great interest.
At the beginning of April, the platform had announced Deribit, and the Server was moved to Equinix LD4 in the UK. This is a one of the leading data center in the area of financial services. The move had corrected the Bitcoin derivative platform, the capacity of the system processing, as well as to achieve a shortening of the loading times.
The Team of Deribit claims, by the way, the leading “Mover” and to be the only stock exchange in the market, their “order books are growing continuously and the Portfolio margins offered”. The operator is proud to make a number of market maker for the option trading accessible. We offer Margin traders the Chance to Options buying and selling, without the “against the house to act“.
The daily volume in options
According to Deribit the average daily volume for Bitcoin options was in may so far, on more than 11.400 contracts. Compared to the average daily volume of 10,300 of the may value is slightly higher.
Although Spot and Futures market make up the lion’s share of Bitcoin trading volume. The option market accounted for but, in turn, increasingly high volumes. Most of the exchange market for crypto-currencies offer access to spot markets, the futures market is characterized by intense activity.
One of the most famous platforms in these sectors, the provider Binance. The operator grants many professional traders have a access to the market. By the Start of Binance options the platform recorded a comparatively modest success. In the first 24 hours after the market launch, the stock market reached a trading volume of about 295 million US dollars.
