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Deribit Reports Daily Record $539M of Bitcoin Options Traded, More Than Double Prior High

Exchange Deribit has more than doubled on its previous daily record with well over $500 million worth of bitcoin options traded.

Floor traders in Chicago.
Floor traders in Chicago.

Daily volumes for bitcoin options hit a new all-time high on Deribit, the exchange that shows no signs of giving up its market leader position.

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  • The Panama-based derivatives exchange tweeted Tuesday morning that over 47,500 contracts for bitcoin options traded in a single day on Monday.
  • Deribit said the total value of these contracts came to $539 million.
  • This is well over double the exchange's previous all-time high of $196 million reached on May 10 – the day of the bitcoin halving.
  • Deribit remains the single-largest player in the crypto options space, a market it pretty much founded in 2016.
  • Data from Skew shows Deribit currently makes up around 88% of total bitcoin options volumes.
  • Bitmain spin-off Matrixport, which launched a derivatives exchange Monday, said it wanted to take market share from Deribit.

See also: Bitcoin Futures Volume Surges 186% as Price Hits $11K

Paddy Baker

Paddy Baker is a London-based cryptocurrency reporter. He was previously senior journalist at Crypto Briefing.

Paddy holds positions in BTC and ETH, as well as smaller amounts of LTC, ZIL, NEO, BNB and BSV.

Picture of CoinDesk author Paddy Baker