Share this article

CME Bitcoin Options Flatline After Record Growth in June

Less than 0.2% of Friday's daily options trading happened on CME, according to data from Skew.

Daily open interest for CME bitcoin options
Daily open interest for CME bitcoin options

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

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto for Advisors Newsletter today. See all newsletters

  • 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.
Open interest for CME bitcoin options year to date
Open interest for CME bitcoin options year to date
  • 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.

Zack Voell

Zack Voell is a financial writer with extensive experience in cryptocurrency research and technical writing. He has previously worked with leading cryptocurrency data and technology firms, including Messari and Blockstream. His work (and tweets) has appeared in The New York Times, Financial Times, The Independent and more. He owns bitcoin.

Picture of CoinDesk author Zack Voell