Market analytics platform Arkham Intelligence is announcing the launch of a new spot trading exchange. In a new thread on the social media platform X, the crypto intelligence firm says it plans to start a new spot trading service in the US, launching as soon as next week. However, Arkham notes that some US users […]
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Bloomberg’s senior ETF analyst Eric Balchunas said that “$1.9 billion is unheard of for day one” as the debut day for options on BlackRock’s spot Bitcoin ETF saw huge volumes.
Options contracts on BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust ETF (IBIT), saw nearly $2 billion in total exposure traded, which could have pushed Bitcoin to its new high of over $94,000.
“Final tally of IBIT’s first day of options is just shy of $1.9 billion in notional exposure traded via 354,000 contracts,” Bloomberg ETF analyst James Seyffart reported on Nov. 20.
“These options were almost certainly part of the move to the new Bitcoin all-time highs today,” he added. Bitcoin (BTC) hit a new peak of $94,105 on Coinbase on Nov. 19, per TradingView.
Bitcoin analysts and traders have long dreamed of a $100,000 BTC price, but what would the achievement mean for derivatives markets?
Bitcoin’s (BTC) potential climb to the $100,000 price level has captivated investors for years. While retail participants often celebrate such psychological milestones, the key impact should come from institutional adoption and advancements in the Bitcoin derivatives markets.
Bitcoin futures aggregate open interest, BTC. Source: CoinGlass
Futures open interest on Bitcoin presently totals 626,520 BTC ($58 billion), a 15% increase in two months, signaling growing interest in derivatives. If Bitcoin reaches $100,000, this open interest would hit $62.5 billion, representing 3.1% of its $2 trillion market cap. This contrasts with the S&P 500, where $817 billion in futures open interest equals only 1.9% of its $43 trillion market cap.
High open interest signals more leverage, which could induce another flush-out if positions are liquidated.
Open interest on Bitcoin derivatives reached a record high on Oct. 21, as BTC came close to breaching the $70,000 price point.
In a post on X on Oct. 21, CoinGlass reported that Open Interest (OI) on Bitcoin (BTC) futures contracts had reached a record high of $40.5 billion.
Open interest is the value or number of outstanding futures contracts that have yet to expire. It measures the amount of money invested in Bitcoin derivatives at any given time, with higher OI indicating potentially more leverage and volatility in the system.
Asset management titan BlackRock is reportedly in talks with numerous crypto exchange platforms about using its proprietary token BUIDL as collateral for derivatives contracts. According to a new report by Bloomberg, anonymous people familiar with the matter say the world’s largest asset manager is exploring the idea of utilizing BUIDL – the crypto asset related […]
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It's that time of year again when pundits break out the crystal ball to predict the big new trends in DeFi for 2025.
It’s the fourth quarter of the year, which can only mean one thing: prediction season is here. It’s that time when industry figures gaze into the crystal ball to glean the trends that will define the following year.
But this isn’t just guesses: those who work on the frontlines of web3 have a good idea what shape the next game-changing innovations will take, because they’re the ones currently building them.
While there are no guarantees for what 2025 will hold, just probabilities, I’m confident there’s an outsize chance of the following trends coming to pass.
Crypto derivatives exchange Bitnomial is set to launch its U.S. perpetual futures trading platform, Botanical, backed by a $25 million round led by Ripple. The platform, integrating Ripple’s stablecoin RLUSD, aims to challenge decentralized exchanges and offshore models. Bitnomial’s approach to bringing offshore trading models into the U.S. derivatives industry presents a significant market opportunity, […]
Traders can now hedge exposure to memecoins including PEPE and FLOKI.
Crypto.com’s North American derivatives exchange, Nadex, has listed derivatives contracts tied to memecoins including PEPE and FLOKI, according to Oct. 7 filings with the United States Commodity Futures Trading Commission (CFTC).
Nadex has also listed derivatives products tied to Dogelon Mars (ELON) and BONK, according to the filings.
The combined market capitalization of the four memecoins underlying Nadex’s contracts is nearly $7 billion, according to CoinMarketCap.
On Monday, Oct. 7, bitcoin (BTC) reached an intraday peak of $64,444, giving traders plenty to buzz about. By the end of Monday’s trading sessions, BTC had gained 2% against the U.S. dollar. The global crypto trading scene saw an impressive $92.617 billion in volume, with bitcoin grabbing a $29.85 billion slice of that pie. […]
CME’s new derivatives product allows market participants to hedge or speculate on Bitcoin price movements in the short term.
The Chicago Mercantile Exchange (CME) Group’s Bitcoin Friday Futures (BFF) debuted with a record first-day trading volume among crypto futures offerings, with over 31,498 contracts traded across two contract weeks.
According to an Oct. 1 announcement, the Sept. 29 launch was the “most successful crypto futures launch ever,” with the first trade block executed by financial firms Galaxy and Marex.
The new derivatives product is sized at one-50th of a Bitcoin (BTC) and cash-settled every Friday against the CME CF Bitcoin Reference Rate New York Variant (BRRNY), a benchmark for BTC’s spot price.
