In just a year, market participants made deals on instruments worth $387 billion.
The growth of the volume of transactions with options on the two most capitalized cryptocurrencies: Bitcoin and Ethereum in 2021 by 443%. About this, with reference to the results of market research, writes The Block.
- Analysts draw attention to the fact that the total volume of transactions with options on Bitcoin and Ethereum in 2021 exceeds $ 387 billion. In comparison, last year’s yield was $71 billion.
- The most popular platform for trading options on bitcoin and Ethereum turns out to be Deribit. This, according to analysts, accounts for about 90% of the trading volume of financial instruments.
- Among other popular trading platforms, The Block team highlighted CME, Okex, FTX, Huobi, and Bit.com.
- The largest volume of transactions with options on bitcoin was recorded in April, with Ethereum – in May.
We will remind, The Block analysts previously came to the conclusion that by 2021 crypto companies raised more than $25 billion in venture funding.