The trading volume of the Ethereum options exceeds that of Bitcoin. Deribit launches $ 50,000 ETH strike for 2022 – Finance Bitcoin News

Last week, the volume of Ethereum options on the Deribit exchange for digital currency derivatives surpassed that of Bitcoin for the first time. In addition, the trading platform recently launched a $ 50,000 ETH strike for March 2022, stating that the $ 50,000 call “gains instant purchasing power.”

The volume of Ethereum options is growing exponentially, $ 50,000 Strike tenses the muscle

In the case of Bitcoin derivatives (BTC), the Deribit trading platform records the lion’s share of today’s option volume. The cryptocurrency exchange also offers Bitcoin futures and Ethereum options. In the first week of May, Deribit’s options for Ethereum (ETH) outperformed options for Bitcoin (BTC) for the first time.

Skew analysis data shows BTC was $ 880 million on May 3, while the ETH options were $ 1.3 billion. The volume continued this week as analytics firm Skew tweeted last Thursday about the staggering volume of ETH options.

“The ether markets are seeing record activity in terms of spot, futures and options this week,” the analyst tweeted. “Options traders’ expectations of the volatility of the ethers compared to Bitcoin are increasing,” Skew added the next day.

On May 10, the crypto derivatives exchange Deribit said: “The ETH option flows now dominate BTC. And not just easy money. “In the past six months, Deribit has recorded the largest number of BTC and ETH options in terms of volume and open interest.

“Measures across all due dates in which Deribit lists the ETH Mar22 50k call (really!) And immediately gains purchasing power. Generally calls were rolled up to keep / add exposure. decent 2 way put action but few that reduce the uptrend, ”added Deribit.

Institutional Investors Fueling Ethereum Markets Strikes $ 5,000 See Construction

Ever since Ethereum recently hit all-time highs in the spot markets, traders and speculators have focused on the dominance of the two leading crypto assets.

The leading bitcoin for digital assets (BTC) has a dominant position of 42.1% compared to the entire crypto economy ($ 2.29 billion). Ethereum, on the other hand, has a dominance of around 19.8% at the time of writing.

“The second largest crypto asset by market capitalization has seen a strong upward trend since its last hard fork as it continues to demonstrate its use case,” wrote Simon Peters, crypto-assets analyst at the multi-asset investment platform Etoro on Bitcoin .com News.

“The number of decentralized applications on the platform continues to grow. Demand from institutional investors is fueling this latest move as large buyers diversify their exposure to this emerging asset class and Ethereum is the natural next choice, ”added Peters.

In another tweet on May 11th, Skew Analytics mentioned that Ethereum (ETH) had a huge “open interest in a $ 5,000 strike”. Deribit went on to explain on his Twitter thread that the structure of the term Ethereum is in backwardation and BTC is in contango.

“The runtime structure of BTC is in contango. We would expect this from the RV relative movement. But BTC IV toasts in sympathy with ETH at low volume. Either BTC is expected to move or there may be a shift in MM collateral onto the action, ”the exchange noted.

What do you think of the $ 50,000 Ethereum options strike? Let us know what you think on this matter in the comments section below.

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$ 50K Call, $ 50K Strike, $ 5K Strike, Backwardation, Bitcoin Options, BTC Options, Contango, Crypto Assets, Deribit, Deribit Exchange, Derivatives, Derivatives Exchange, ETH Options, Ethereum, Ethereum (ETH), Ethereum Options, eToro, Futures, Simon Peters, Skew Analytics

Photo credit: Shutterstock, Pixabay, Wiki Commons, Skew Analytics,

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