October was a massive month for bitcoin options


Bitcoin options interests reach new heights in October, according to data compiled by The Block Research.

The aggregated open interest of bitcoin options reached an all-time high of $2.4 billion by the end of October, a month-over-month increase of 54.7%. On October 29, the open interest of Bitcoin options hit a new daily all-time high of $2.6 billion.

Aggregated Open Interest of Bitcoin options

Source: skew, The Block Research

The monthly volume of bitcoin options reached a new all-time high as well. It increased by 46.4% on a month-over-month basis from $3.9 billion to $5.8 billion.

Monthly volume of Bitcoin options

Source: skew, The Block Research

Deribit continues to maintain its dominance in the bitcoin options market, making up 89.5% of last month's volume.

Trending Stories

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.