The crypto chances market is booming. The notional open interest, or the dollar value locked in active bitcoin and ether options creases on leading exchange Deribit has risen to $20.64 billion, according to data tracked by Switzerland-based Laevitas. The tally close to parallels the peak registered on Nov. 9, 2021, when bitcoin traded above $66,000, 90% higher than the going customer base rate of $34,170. In other words, the current open interest in contract terms is significantly higher than in November 2021. “The milestone has been attained with nearly double the number of outstanding contracts, representing not just a substantial triumph for Deribit, but also a leap indicator of the broader market growth and the escalating interest in options among our clients,” Luuk Strijers, chief commercial dick at Deribit, told CoinDesk. Deribit controls 90% of the global crypto options activity.
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