Crypto Derivatives Set New Records, ETH Futures Set All-Time Highs, CME Open Interest Spikes

Digital currency derivatives have been on fire during the last two weeks as ethereum futures volumes touched an all-time high on Sunday. The popular derivatives trading platform Deribit saw 1.9 million ETH contracts traded and CME Group is now the third-largest exchange in terms of bitcoin futures open interest.

Data shows that cryptocurrency futures and options are seeing significant demand in 2020. Statistics from, CME Group, The Tie, and Deribit indicate a lot of action has been happening in the land of crypto derivatives.

Deribit’s recent newsletter shows that the exchange saw a new record in July as the firm saw $4.3 billion in options turnovers.

Another achievement the Deribit’s exchange saw was the platform’s overall open interest touched a whopping $2.3 million.

A large portion of the crypto derivatives trade volume stems from ethereum markets as Deribit recorded 1.9 million ETH contracts traded in July. On August 4, wrote that “options-based probability of ETH > $960 at year-end = 5%”

The data and analytics firm recently tweeted that ETH futures touched an all-time high on Sunday.

Additionally, the researchers noted that the regulated Bitcoin futures exchange CME Group “is now #3 in terms of largest open interest for bitcoin futures, only Okex and Bitmex are ahead.”

Last Wednesday CME Group tweeted:

Institutional interest in bitcoin futures is growing, setting a new open interest record of 13,104 contracts.

“As the next wave of more sophisticated participants enters the crypto space, volume will inevitably shift towards safer, more trustworthy venues,” Tim McCourt of CME Group said last week addressing the interest during an interview.

Moreover, bitcoin traders were concerned about a gap on the CME Group futures chart between $11,450 and $11,600. However, after Sunday’s 10.9% slide in BTC value, the bitcoin futures gap on CME had filled.

Skew also revealed on Saturday that “cash and carry with bitcoin futures, now…

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