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George Ma
in
Crypto
May 29 12:43

Total volume of open positions in bitcoin options exceeded $1 billion

The market for cryptocurrency options continues to grow rapidly.
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 According to The Block, in May, the aggregated open interest (OI) on bitcoin options updated its historical high at US$1.16 billion.

Deribit is still the most popular platform for options trading. It accounts for about 77% of the total Open Interest Index.
The closest rivals of Deribit are OKEX and the regulated CME exchange, but so far the difference between the platforms is huge. Nevertheless, according to the observations of analysts of the edition, this gap is gradually narrowing:
At the same time, according to experts, the CME has much higher capital requirements than Deribit, where "BTC trading is available even to small traders".