Blackrock's IBIT Becomes Largest Bitcoin Options Venue, Surpassing Deribit and Coinbase
Blackrock's IBIT has overtaken both Deribit and Coinbase to become the largest Bitcoin options venue globally, with open interest nearing $38 billion. This development underscores the increasing influence of institutional players in the cryptocurrency market, potentially enhancing liquidity and trading opportunities for investors. The rise of IBIT, launched in November 2024, indicates a competitive landscape that could benefit traders and further promote Bitcoin adoption.
Blackrock's IBIT Becomes Largest Bitcoin Options Venue, Surpassing Deribit and Coinbase
Blackrock's IBIT has overtaken both Deribit and Coinbase to become the largest Bitcoin options venue globally, with open interest nearing $38 billion. This development underscores the increasing influence of institutional players in the cryptocurrency market, potentially enhancing liquidity and trading opportunities for investors. The rise of IBIT, launched in November 2024, indicates a competitive landscape that could benefit traders and further promote Bitcoin adoption.
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