Open Interest In Btc Futures Is Approaching $ 20 Billion

The demand for Bitcoin-focused products is growing at a rapid pace. Institutional investors are the main players in the BTC futures market.

According to Glassnode this week, open interest in such a product approached $ 20 billion, which was the next maximum.” target=”_blank” rel=”nofollow noopener
The options market is also expanding. The largest platform in this segment, Deribit, reported that the average daily trading volume for Bitcoin options exceeded $ 1 billion.

According to the CoinMarketCap service, on the three exchanges Binance, Huobi and Bybit, the amount of daily trading in the derivatives segment now exceeds $ 100 billion.On the share of the Binance platform alone, daily trading exceeds $ 57 billion.

At the end of February, amid falling prices for Bitcoin and other cryptocurrencies, the BTC futures market experienced the largest close in its history. On February 22, according to ByBt, futures positions totaling up to $ 5.77 billion were liquidated.