Bitcoin Options Open Interest Increases 50% in One Month to $1.5 Billion


According to the latest data from market research company Skew, total open interest in Bitcoin options (BTC) exceeded $1.5 billion on June 9. This comes just one month after open interest crossed the $1 billion mark for the first time, marking a 50% increase in just 33 days.

Bitcoin is ready to complete a historic 9-week bull run; open interest rises to $1 million
50% increase in one month led by two players

The total open interest of Bitcoin options reached $1 billion for the first time on May 7. Just over a month later, Deribit alone has an open interest of $1.1 billion, and the total open interest has exceeded $1.5 billion.

However, Deribit’s 20% increase of USD 903 million over the course of the month was not the biggest story.

Open interest in Bitcoin options on CME has risen 1000% so far this month

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

Is CME targeting the krona?
As Cointelegraph reported, in the first half of May alone, open interest in CME’s Bitcoin options shot up a whopping 1,000% from USD 12 million to USD 142 million.

Bitcoin options show „rapid“ growth in Q2, and CME’s open interest exceeds $259 million
While it is not able to maintain that level of growth, the latest figures show that the momentum of GCE’s options is far from running out.

Of the other major players in the BTC options market, LedgerX’s open interest remained virtually unchanged from May 7 at $52 million, while OKEx saw a 15% drop to $65 million.

An outlier in the field, Bakkt also saw open interest fall from USD 80,000 to USD 68,000.

Despite this, the performance of Deribit and CME shows that Bitcoin options are a rapidly growing market sector.

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