In a watershed moment, open interest for options on BlackRock’s iShares Bitcoin Trust (IBIT) surpassed $27.6 billion , officially overtaking the long-standing offshore leader, Deribit.
Bitcoin options open interest has surged to approximately $74.1 billion , recently overtaking futures volume for the first time in history.
The surge in options volume is not just about speculation; it represents the "hardening" of the market as sophisticated players enter the fray. Crypto Options - A Fast-Growing Market - CfC St. Moritz