Bitcoin Options Open Interest Rises 50% in a Month to Hit $1.5 Billion

[CebuBitcoin]

Bitcoin Options Open Interest Rises 50% in a Month to Hit $1.5 Billion

Just over a month since open interest in Bitcoin options hit a record high of $1 billion, the latest figures show that it has increased 50% to break $1.5 billion.
According to the latest data from market analysis company Skew, total open interest in Bitcoin (BTC) options passed $1.5 billion on June 9. This comes barely a month after open interest crossed $1 billion for the first time, marking a 50% increase in just 33 days.

50% rise in a month led by two players
Total Bitcoin options open interest hit $1 billion for the first time ever on May 7. Just over a month later, Deribit alone has open interest of $1.1 billion, and the total open interest has broken through $1.5 billion.

Deribit’s 20% increase from $903 million over the course of the month has not been the biggest story though.

Chicago Mercantile Exchange (CME) has increased its Bitcoin options open interest by over 850% in this time. On May 7 this stood at $38 million, but by June 9 CME recorded $368 million of open interest.

Readmore: https://cointelegraph.com/news/bitcoin-options-open-interest-rises-50-in-a-month-to-hit-15-billion