“If the Crypto DeBbook is presented a rapid case for bitcoin in the Tuesday version of the USA, the Crypto DeBook has been presented a rapid case for bitcoin,” Copto DeBBs are not surprised to purchase an activity on Tuesday, “Coindesk said in the US version of the Crypto DeBook on Tuesday.”
As the price of Bitcoin (BTC) jumped at the height of a new lifetime above $ 111k during Thursday’s Asian Trading hours, it promoted record activity in the deribit-list market market.
Kundesk reported that the Notal Open Interest (OI), or the dollar value of the number of active or open option contracts increased to $ 42.5 billion, the CEO of the Derbit, the look striers told Coindesk.
Options are derivative contracts that give rights, but not the obligation to purchase or sell the underlying property at a later date. Gives the right to buy a call, represents a vested rapid bet on the market, while a put option provides insurance against the price slide.
BTC’s move was seen chasing the higher traders through high strike call options.
“The most traded strikes in the last 24H: $ 120K and $ 130K calls for the end of May and June. The highest OI now sits on $ 110K, $ 120K, and $ 300k on June 27, which shows fast punishment,” said the Striisers.
Derbit is the world’s largest crypto option exchange, which is an accounting for about 80% of the global crypto option activity. This exchange also provides trading in always and spot markets. Crypto options and overall open interest in the forefathers segment have also recorded more than $ 45 billion.
Publicly traded Crypto Exchange Coinbase plans to acquire the derivative exchanges derbit in a $ 2.9 billion deal.
Read more: In the $ 2.9B deal, the coinbase agrees to buy Deribit to expand the US Crypto option market
