BlackRock Dethrones Coinbase in Bitcoin Options – Why Bitcoin Hyper Presale Could Be the Next Big Winner
PositiveCryptocurrency

BlackRock's iShares Bitcoin Trust has recently overtaken Coinbase's Deribit platform to become the largest venue for Bitcoin options globally, with open interest reaching nearly $38 billion. This shift is significant as it marks a new player, IBIT, quickly gaining traction in the options trading market since its launch in November 2024. The rise of IBIT not only highlights the growing interest in Bitcoin derivatives but also suggests a competitive landscape that could benefit traders and investors alike.
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