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Deribit Reports Daily Record $539M of Bitcoin Options Traded, More Than Double Prior High

Exchange Deribit has more than doubled on its previous daily record with well over $500 million worth of bitcoin options traded.

Updated Sep 14, 2021, 9:36 a.m. Published Jul 28, 2020, 2:23 p.m.
Floor traders in Chicago.
Floor traders in Chicago.

Daily volumes for bitcoin options hit a new all-time high on Deribit, the exchange that shows no signs of giving up its market leader position.

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  • The Panama-based derivatives exchange tweeted Tuesday morning that over 47,500 contracts for bitcoin options traded in a single day on Monday.
  • Deribit said the total value of these contracts came to $539 million.
  • This is well over double the exchange's previous all-time high of $196 million reached on May 10 – the day of the bitcoin halving.
  • Deribit remains the single-largest player in the crypto options space, a market it pretty much founded in 2016.
  • Data from Skew shows Deribit currently makes up around 88% of total bitcoin options volumes.
  • Bitmain spin-off Matrixport, which launched a derivatives exchange Monday, said it wanted to take market share from Deribit.

See also: Bitcoin Futures Volume Surges 186% as Price Hits $11K

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