Deribit sees increase in bitcoin futures open interest despite declines on the Chicago Mercantile Exchange | Headlines | News | CoinMarketCap
01/26/2024 00:19
Bitcoin futures open interest on the Chicago Mercantile Exchange has declined by more than $1 billion since its peak on Jan. 10, whilst …
The Block18 minutes ago
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Published on January 25, 2024 17:01 GMT+00:00edited on January 25, 2024 17:04 GMT+00:00
Bitcoin futures open interest on the Chicago Mercantile Exchange has declined by more than $1 billion since its peak on Jan. 10, whilst derivatives open interest on Deribit has increased, according to Deribit Chief Commercial Officer Luuk Strijers.
"The decline in CME futures open interest for bitcoin contrasts with the relative stability observed in Deribit's BTC options or futures open interest. Bitcoin options open interest on Deribit is up 3% in contracts and futures and perpetuals open interest is up around $100 million since Jan. 10," Strijers said in an email to The Block.
Difference in CME and Deribit open interest trends
The Deribit Chief Commercial Officer said the declining trend in open interest on CME could imply several underlying market movements.
"The …