Trading in bitcoin (BTC) options listed on cryptocurrency exchange Deribit has soared in the wake of U.S. bank failures and resulting market volatility.
Bitcoin options worth $2.4 billion have changed hands on Deribit in the past 24 hours, the highest single-day tally since May 17, 2021, according to data tracked by Amberdata. The number of contracts traded in the past 24 hours stood at a record high of 99,195 BTC at press time. The 24-hour notional volume in ether options totaled $948 million as of writing, the highest since November.
(By Omkar Godbole)
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