RSS Feed  Les actualités de la BRVM en Flux RSS

NEWS FINANCIÈRES

Nous agrégeons les sources d’informations financières spécifiques Régionales et Internationales. Info Générale, Economique, Marchés Forex-Comodities- Actions-Obligataires-Taux, Vieille règlementaire etc.

Cryptocurrencies: bitcoin traders keep their options open

04/04/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

Enjoy a simplified experience

Find all the economic and financial information on our Orishas Direct application to download on Play Store

Investors are keeping their options open, judging by the record derivative race, despite Bitcoin soaring.

Over the past month, as fear stalked global banks, open interest in bitcoin options and futures skyrocketed. It reached an all-time high of 433,540 contracts on March 23 on Deribit, a leading exchange for derivatives focused on cryptocurrencies.

In contrast, in the 12 months prior to March, open interest was between 150,000 and 300,000, which gives an idea of investor participation in a market. Most options traders are betting on a rise in the price of bitcoin, with open interest in call options for 206,979 contracts on Deribit, more than double the bearish put options (93,857).

Provided by AWS Translate

0 COMMENTAIRE