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CME Bitcoin Options Flatline After Record Growth in June

CME Bitcoin Options Flatline After Record Growth in June

Bitcoin options trading on CME has flatlined after the exchange experienced massive growth and a record-breaking expiry last month.

  • CME’s bitcoin options open interest has grown barely 10% in July to $167 million at last check.
  • Less than 0.2% of Friday’s aggregate bitcoin options trading occurred on CME, according to Skew.
  • Open interest on Deribit, which represented 93% of Friday's bitcoin options trading volume, has grown roughly 30% in July to $1.1 billion, down from $1.3 billion before the June expiry. 
cme-oi-btc
Open interest for CME bitcoin options year to date
Source: Skew, CoinDesk Research
  • CME bitcoin options market grew 10x within a 30-day period between May and June on the heels of record-breaking growth in its bitcoin futures market. 
  • Bitcoin is the only cryptocurrency traded on CME Group, and the exchange currently has no plans to launch additional cryptocurrency markets.
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