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Open Interest On Bitcoin Options Contracts Surpasses $2 Billion, Investors Wonder How To Navigate
Summary: Open interest on Bitcoin options contracts have again surpassed $2 billion after briefly passing the level ahead of the July expiry, a milestone in a year that has seen the BTC options market grow exponentially. The growth of the options market has caused Bitcoin investors to factor the derivatives market into their trading strategies. Large ...
Open interest on Bitcoin options contracts have again surpassed $2 billion after briefly passing the level ahead of the July expiry, a milestone in a year that has seen the BTC options market grow exponentially.
The growth of the options market has caused Bitcoin investors to factor the derivatives market into their trading strategies. Large contract expiration dates mean that large quantities of BTC could be sold off or bought, which could impact the currency's price.
On Friday, August 28, 57,000 BTC worth of options contracts are set to expire, Skew data shows, and investors are speculating how to navigate the event. The Chicago Mercantile Exchange (CME) contracts are set to expire at 8:00 am UTC, while Deribit and OKEx at 3:00 pm UTC.
By Emily Mason
Tags: Bitcoin Derivatives Market,BTC,Options Contracts
Link: Open Interest On Bitcoin Options Contracts Surpasses $2 Billion, Investors Wonder How To Navigate [Copy]
