• Cryptocurrencies: 7 545
  • Market Cap: 397 838 924 833 $
  • 24h Vol: 87 130 881 193 $
  • BTC Dominance: 62.999157723862 %

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Let's Talk About Open Interest in Bitcoin Options

In Sept, 24 the open interest for Bitcoin options hit their all-time high of $2.14 billion. It happened just a day before a big quarterly expiry of 89,100 contracts - 47% of existing options contracts at the time. Options, in the crypto industry, are derivative contracts that give the holder the right (though not an obligation) to purchase or sell an underlying asset at a predetermined price, also known as the strike price.

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